Informing Senior Management about Compliance Status

Date: 20th November 2024 17:00 -19:00 Online

Dive into the essentials of compliance with our comprehensive CPD, exploring various facets of this subject, and highlighting the pivotal role of cultivating a compliance culture for organisational success


This session provides details on how to set up a Compliance Report from scratch, the main sections to be discussed, the role of the Compliance Officer and the communication with the Board of Directors.

Additionally, it covers the protocols for reporting breaches ensuring the implementation of compliance advice, and concludes with valuable recommendations aimed at fostering an enhanced compliance culture.


Course Topics

  • The Compliance Function
  • Compliance Risk
  • Three lines of defence
  • Compliance Monitoring Programme
  • The preparation for Compliance Report
  • Presentation of the Compliance Report and Challenges
  • Implementation of Advice and follow up
  • Compliance Culture


Learning Objectives

Ensuring effective communication with the Board of Directors through Compliance Reports.


Target Audience

Compliance Officers


Assessment Questions and Answers

In line with MFSA requirements, a short multiple-choice assessment will be provided by the trainer towards the end of the session. A Certificate of Attendance will be awarded to all students who attend the CPD (duration will be included on certificate). A Certificate of Achievement will be awarded to those who sit for the assessment and are successful (pass mark 60%).


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.



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