No summer recess for the Malta International Training Centre
30 Jun 2021
Training does not stop with increasing temperatures and at MITC, the CPD training programmes will carry on during the summer months of July and August with the same frequency and commitment. As usual, we invite you to visit our website which is continuously updated with new courses and CPD sessions. You can follow our instructor-led webinars from the comfort of your home or office as all programmes are currently delivered online, thereby providing you with flexibility and accessibility during these exceptional circumstances.
Courses and CPDs during July
To name a few of these programmes, during July, MITC will organise a number of compliance-related CPDs particularly intended for MLROs and practitioners involved in the area of AML. Of particular interest would be the ‘Implementing procedures of the FIAU’ which is dubbed as the holy grail of AML/CFT wherein all related information is scripted.
MITC will also conduct a CPD session on data protection by virtue of its session on GDPR and an outline of the “three lines of defence” and “enterprise risk management” programmes, relevant to any practitioner involved in the area of risk analyses and control.
Having held a session on property valuations in insurance, MITC seeks to plan more technical courses involving the operations of the insurance industry as a whole, as new developments come into play. MITC is always on the forefront to deliver presentations and update and inform practitioners in the market on the evolving practices, especially in light of changing regulations and new technologies. On the 15th July, MITC will consequently organise a session on effective claims handling. This will be of interest to all those involved in the technical operations of an insurance company or intermediary.
In line with Chapter 6 of the MFSA’s insurance distribution rules, in particular, section 6.7.2 states that a relevant person and a relevant employee shall demonstrate compliance with the knowledge and ability criteria detailing the topics eligible for CPD purposes. Among the topics mentioned is the requirement to receive training on financial competency and for this reason a novel session on “Financial Literacy in insurance – how to read management accounts” is earmarked for the 29th July.
The MITC organises such short seminars on the basis of feedback received from the industry. In this respect we are open to any relevant topics you wish to suggest to ensure practitioners in the industry are informed, trained, and compliant with the CPD statutory requirements. To make a suggestion, kindly send an e-mail to email@example.com or fill in our online questionnaire.