The Appointment of the MLRO: Building a Solid MLRO Foundation

Starting: 31st January 2024 17:00-19:00 Online

The role and responsibilities of the Money Laundering Reporting Officer (MLRO) are wide and far-reaching. How may one be an effective MLRO? Who may assist?

Description

The role and responsibilities of the Money Laundering Reporting Officer (MLRO) are wide and far-reaching. All subject persons are obliged to appoint the right individual to carry out these duties. Dr Rakele Cini will be delivering a seminar consisting of two sessions focusing on the role of the MLRO, the individual’s duties, assistance that may exist within the organisation, and practical guidance on the daily challenges s/he faces in relation to the legal obligations of different subject persons.

 

Course Topics

  • MLRO Responsibilities & Daily Duties
  • Latest Reporting Procedures
  • Designated Employees
  • MLRO vs General Oversight Function vs Monitoring Function
  • MLRO vis-à-vis Employees & Board of Directors
  • MLRO Self-Assessment
  • MLRO Liability

 

Learning Objectives

  • MLRO Responsibilities & Daily Duties
  • Latest Reporting Procedures
  • Designated Employees
  • MLRO vs General Oversight Function vs Monitoring Function
  • MLRO vis-à-vis Employees & Board of Directors
  • MLRO Self-Assessment
  • MLRO Liability

 

Target Audience

  • Current MLROs
  • Proposed MLROs
  • Interim MLROs
  • Designated Employees
  • Board of Directors
  • Compliance Team Members

 

 

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%).

 

Testimonials

It was very informative and the speaker knows the subject very well.

A. Mallia

Very clear presentation. Very friendly too. The speaker was clearly well versed in the subject

N. Buttigieg Scicluna

Total Learning Hours

Full course: 2 hours

Hours include contact hours, supervised practice hours, self-study hours and assesment hours.

Trainers

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.
www.linkedin.com/in/rakele-cini-939611b1

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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.

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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.

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