As fraud and money laundering become more and more sophisticated, operators in the financial services must ensure that they build more sound and robust internal structures to detect, monitor and prevent money being laundered into their firm.
Money laundering is the process by which criminals attempt to conceal the true criminal origin and ownership of the proceeds of their criminal activities.
The full programme is designed to give the participant a complete outlook on the combatting of such fraud.
The objectives of this programme are to provide the participant with a thorough understanding of the Anti-Money Laundering requirements in Malta and knowledge of aspects involved in the identification and reporting of suspicious or fraudulent transactions.
This Anti-Money Laundering course will also help attendees to develop their knowledge on financial crime and in carrying out the basic functions required by current regulations.
Following successful completion of this course the participant will be able to:
Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) (Compulsory Unit)
The module will focus on the general money laundering landscape in Malta including the Anti Money Laundering (AML) landscape, laws and regulation in Malta, responsible authorities and general requirements for subject persons in line with the part 1 implementing procedures including; Suspicious Transaction reporting (STR), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Customer Risk Assessment (CRA), Business Risk Assessment (BRA), Anti Money Laundering (AML) policies and procedures and reporting obligations.
The module will focus on the Part II implementing procedures for Virtual Financial Assets Agents / Corporate Service Providers (VFA/CPS) Assets providers.
The module will focus on the Part II implementing procedures for online and land-based gaming.
Lectures will be held on the following dates.
| Unit | Month | Date |
| Compulsory Unit | March 2024 | 5, 12, 26 |
| April 2024 | 9, 16, 23, 30 | |
| May 2024 | 7, 14, 21, 28 | |
| Elective Unit (to chose 1) Financial Services Industry (FSI) Module or Gaming Industry Module | June | 4, 11 |
Lectures to be held between 5pm-7pm
Exam will be held on 18 June 2024, 9:30am-12:30pm at MITC premises
The course consists of a total of 10 sessions of 2 hr duration for the compulsory unit, a total of 2 sessions of 2 hr duration for the elective units and 1 revision session.
A further of 75 hours of self-study is required.
Participants need to be in possession of an A Level (Level 3 qualification) or its equivalent or higher; or have 2 or more years of proven experience working in the financial services industry and/or in the field of Anti-Money Laundering.
This programme is intended for practitioners working or wishing to work in industries that are subject to Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements (i.e., are subject persons) for example Financial Services and Gaming industries.
This award is designed especially for those who have or wish to have Anti Money Laundering (AML) skills or related duties. This includes employees or practitioners involved directly or indirectly with business transactions involving the use of financial means. It is of particular relevance to Money Laundering Reporting Officers (MLRO) and those who are acting for or deputising or assisting the Money Laundering Reporting Officers MLRO e.g., Risk Officers or Anti Money Laundering (AML) Risk Officers.
At the end of the programme, candidates will be required to undertake a 2 hour written exam consisting of 10 short answer questions covering all topics and requiring practical answers to different situations and the confirmation of knowledge on certain important aspects.
Pass mark is set at 55%.
A certificate will be issued to successful candidates.
More than one (1) re-sit attempt is allowed.
The re-sit will take place on the same date of the corresponding awards of the subsequent intake.
Re-sit exam fee is €60 inclusive of one (1) revision session.
Total Learning Hours
Full course: 26 hours
Hours include contact hours, supervised practice hours, self-study hours and assesment hours.
Stefan Lia currently Heads the Governance, Risk and Compliance Function at Betsson Group. His responsibilities include coordinating internal audit, managing the group insurance program, designing, implementing and managing risk management and governance processes and acting as advisor to operational management on various matters.
Stefan started his career working with a Maltese insurer where he was responsible for Commercial Insurance underwriting. This was followed by a stint at the MFSA where he spent over four years as part of the Consumer Complaints Unit. Prior to joining Betsson in his current role, he was part of the team Risk Advisory at Deloitte Malta.
Stefan holds an Advanced Diploma in Insurance from the Chartered Insurance Institute, a BA Hons in Financial Services from University of Edinburgh Napier and MSc in Risk Management from Glasgow Caledonian University and is certified in Risk and Information System Controls by ISACA.
Ayrton Pulis brings extensive experience as a certified anti-money laundering specialist and accomplished compliance professional in both the financial services industry and iGaming sector.
As an integral member of the Governance, Risk and Compliance function at Betsson Group, Ayrton adeptly supports and coordinates multiple facets of internal governance and control, encompassing a diverse range of responsibilities which include the strategic management of the risk framework, business continuity planning, anti-money laundering, and various internal rules projects.
Prior to assuming his current role, Ayrton’s tenure in the financial services industry underscored his proficiency in client onboarding and ongoing monitoring, licensing applications, management of conflicts of interest, board reporting, and the delivery of thorough internal and external training initiatives.
Ayrton’s educational foundation includes a Bachelor of Arts (Honours) in Business Enterprise, a comprehensive undergraduate program that holistically addresses core business domains, placing emphasis on financial reporting, financial resource management, and an encompassing understanding of financial services dynamics.
