Directors’ obligations under the AML/CFT regime

Date: 10th July 2024 12:00 - 14:00 Online

Who is responsible for AML/CFT compliance? What is the role of directors in this regard?


Directors and senior management have an important role to play in ensuring the effective implementation of the AML/CFT compliance framework of the subject person they form part of. Dr Rakele Cini will be delving into the role of such persons, their duties and the liability that may arise in instances of non-compliance.

Course Topics

  • Board Responsibilities for Subject Persons
  • Ongoing Duties
  • The role of Non-Executive Directors
  • The Business Risk Assessment
  • AML/CFT Policies & Procedures
  • MLRO relations
  • Directors’ Personal Responsibility
  • The Compliance Culture

Learning Objectives

  • Understanding Board Responsibilities & their Ongoing Duties
  • The Business Risk Assessment
  • AML/CFT Policies & Procedures
  • Familiarisation with the laws imposing administrative penalties on Directors personally
  • Advocating a Compliance Culture

Target Audience

  • Active Members of the Board of Directors of Subject Persons
  • Proposed Board Members
  • Non-Executive Directors
  • Company Secretaries
  • Money Laundering Reporting Officers
  • Compliance Officers
  • Risk 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%)



Rakele Cini, LL.D. (Doctor of Laws)

Dr Rakele Cini is an independent legal consultant with many years of experience in AML/CFT, regulatory and compliance advisory. She primarily advises local & international firms / practitioners operating within the regulated industries on matters relating to the prevention of money laundering & funding of terrorism, due diligence, risk management, good governance, and other compliance areas. She is invited to lecture regularly by private institutions and regulatory bodies on these topics. She was previously head of Risk & Compliance at BDO Malta and, prior to that, formed part of the practice protection group at Deloitte Malta for numerous years. Rakele is an active member of the PMLFT sub-committee at the Malta Institute of Accountants and the Institute of Financial Services Practitioners.

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