Award in Anti Money Laundering Regulation

MQF/EQF Level 4 (4 ECTS Credits) Online Starting: 2nd September 2024, 17.00 - 19:00

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.

Accreditation and MQF/EQF Level
The Malta Further & Higher Education Authority deems this certificate to be at MQF Level 4 (4 ECTS) of the Malta Qualifications Framework and the European Qualifications Framework.

Objectives

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.

Learning Outcomes

Following successful completion of this course the participant will be able to:

  • Understand the basic concepts underpinning money laundering
  • Carry out various types of assessments related to Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) on both business level (BRA) and client-level (CRA)
  • Perform duties around Know your Customer (KYC), due diligence and the general onboarding process for clients
  • Carry out reporting duties related to Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements
  • Carry out transactions and client activity monitoring
  • Develop the necessary policies and procedures in relation to Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements
Course Outline

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.

  • Financial Services Industry (FSI) (Elective Unit)

The module will focus on the Part II implementing procedures for Virtual Financial Assets Agents / Corporate Service Providers (VFA/CPS) Assets providers.

  • Gaming Industry (Elective Unit)

The module will focus on the Part II implementing procedures for online and land-based gaming.

Course Schedule

Lectures will be held on the following dates.

UnitMonthDate
Compulsory UnitSeptember2, 9, 16, 23, 30
October7, 14, 21, 28
November4, 11
Elective Unit

Financial Services  Industry (FSI) Module or Gaming Industry Module

November18
November25

Compulsory Unit: lectures to be held 5pm-7pm

Elective Units: lectures to be held 5pm-7pm

Exam will be held on Monday 2nd December 2023, 9:30am-12:30pm

 

Course Duration & Delivery

The course consists of a total of 10 sessions of 2 hr duration for the compulsory unit and a total of 2 sessions of 2 hr duration for the elective units.

A further of 75 hours of self-study is required.

 

Entry Requirements

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.

 

Intended Audience

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 have to 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.

Learning & Assessment Procedures

At the end of the programme, candidates will be required to undertake a two (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.

  1. AML/CFT General Module: A set of 8 short-answer questions based on the material delivered and discussed during the lectures plus any relevant additional reading.
  2. FSI Module (elective unit): A set of 2 short-answer questions based on the material delivered and discussed during the lectures plus any relevant additional reading.
  3. Gaming Module (elective unit): A set of 2 short-answer questions based on the material delivered and discussed during the lectures plus any relevant additional reading.

Pass mark is set at 55%.

A certificate will be issued to successful candidates.

 

Resit Policy

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.

 

Discounts and Cancellation Policy
  • Companies effecting group bookings (four or more participants) are entitled to a 10% discount. For group bookings kindly send an e-mail to info@mitcentre.com
  • A 25% cancellation fee is payable for cancellations received within 15 days of the start of the programme.
  • No refund will be given after the commencement date of the programme.

Trainers

Stefan Lia, ACII, BA(Hons) Fin. Serv., MSc, CRISC

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, CAMS RM, BA (Hons)

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.

Register Now

Please fill in the form below to register for this course.
We will contact you with the next steps in your registration process.

Why Choose Us

MITC is made up of a close-knit team with a real passion for learning and insurance, who believe in the continuous development and empowerment of individuals through learning. We understand all of the nuances and challenges that come with insurance training and, that is why we’re here to help you get your training right.

Our courses are developed following in-depth research and consultation on the subject matter and the related market, thus ensuring participant needs are met. All our trainers are experts in their field and actively contribute towards the continuous development of the courses which they deliver.

Our training services are accredited by the Malta Further and Higher Education Authority (MFHEA) and the European Qualifications Framework platforms. MITC’s homegrown insurance programmes are recognised by the renowned Chartered Insurance Institute, UK.

Let's stay in touch

Stay updated with MITC news updates and courses. We promise not to spam your email or share your email with third parties.