Discover our new training events for CPD purposes

27 Aug 2021

The financial services industry is in a business environment that is susceptible to fraud, money laundering and abuse. This is mainly due to the infrastructure which houses numerous schemes, policies and transactions, highly attractive to the fraudster. Moreover, Malta’s grey listing has set off another alarm for regulators and market players alike to take heed and be aware of fraud and scams that are unfortunately a daily occurrence in the international financial world. In this grim scenario, financial service players must face reality and seek to reinforce their lines of defence to detect and prevent fraud. This starts with training staff to be more vigilant and to equip them with effective tools to curb illicit dealings.

Our topics for September

MITC has pre-empted this need and has, for the past months, focused its training on AML/CFT bringing in expert practitioners and professionals to train and educate the respective practitioners in the industry.

During September, there will be two very specific courses on aspects of AML, namely “Identifying, monitoring and reporting suspicious transactions” and “Using tools and resources to carry out AML due diligence”.

The Insurance Distribution Directive (IDD) has brought several obligations on manufacturers and distributors and MITC has felt the need to include IDD as a topic in its monthly line up. In September, MITC will organise a talk for manufacturers entitled “Obligations of manufacturers under the IDD”.

Another topic of interest is data protection and since the release of the GDPR organisations need to follow their obligations under this regulation. An update session on GDPR will be held this coming September.

We will also be holding a session entited “AML Implementing Procedures for the gaming industry”. Implementing Procedures (IP) are issued in terms of Regulation 17 of the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR). These are binding on all persons and are split in general (Part 1) and industry specific (Part 2) sections. This session will focus on the IP for the Remote Gaming Industry.

About MITC

MITC ensures that training is diverse and far reaching, offering an opportunity to all those seeking to comply with the 12 hours of formal CPD training. We suggest you visit our site at to check out the sessions that are relevant for your needs.

CPD sessions planned by the MITC have been tailored in response to feedback received by the market asking for particular topics to complement their professional work. CPD talks intend, above all, to provide the attendees updated and first-hand information on matters relevant to the business world.

For more information or requests for specific sessions, kindly send an email to