Red Flags & Ongoing Monitoring in Directorship Services

One of the CSP services is the acting as or arranging for Directorship position. This licenseable activity which also happens to be a relevant activity brings with it monitoring obligations by the CSP. In this session we shall analyse these obligations and look at different type of Directorships, such as, with bank account control and without bank account control, and how these can be reflected in the CRA of the CSP. We will also look into transaction monitoring policy for Directorship services and will discuss typologies on red flags and the reporting obligations from a CSP's perspective.

The Speaker

John Mark Caruana is one of the co-founders of A2CO Ltd, a local company specialising in AML & GDPR consultancy and outsourcing services. John has over 13 years of experience within various industries, including funds, FX, investments, CSPs and Audit. John holds a B.Com (Hons) degree in Banking & Finance and a Masters of Science in Banking & Finance, both awarded by the University of Malta. He is also a Certified Information Privacy Professional (Europe) and a Certified Information Privacy Manager (CIPM) as recognised by the International Association of Privacy Professionals. John is also a member of the Malta Association of Compliance Officers (MACO). John occupies positions of MLRO, Data Protection Officer and Compliance Director within tax, accounting and gaming industries. He also lectures on AML & GDPR related topics at the University of Malta and other local institutions.