This CPD will focus on the monitoring and reporting obligations of subject persons. This includes the transaction monitoring obligations that arise when there is a relevant activity which involves a business relationship. We shall identify which business relationships require transaction monitoring and discuss best practices to meet the regulatory requirements in this regard.
Description
The CPD will go into detail between pre and post transaction monitoring and their main differences, in the transaction monitoring approach. The CPD will also identify red flags which may require further analysis.
The reporting obligations, both internal and external will be discussed in detail.
Course Topics
Learning Objective
Attendees will have a better understanding of transaction monitoring obligations and best practice
Target Audience
MLROs, AML/KYC related audience, Directors of Subject Persons, Compliance.
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%)
John Caruana is an Anti-Money Laundering (AML) expert with over 15 years of experience in the field. He has a wealth of knowledge in various sectors, including securities, auditing and accounting, and iGaming. As one of the co-founders of Radix Group in Malta, John currently serves as the Compliance Director of Radix Compliance, which is the Group’s AML Consulting arm.
John holds a B.Com (Hons) in Banking & Finance and an M.Sc. in Banking & Finance, both of which were earned at the University of Malta. Additionally, he is a Data Privacy Professional, holding two international certifications in Data Protection from the International Association of Privacy Professionals: the CIPP/E and the CIPM. His expertise in data privacy has been recognised by the Malta Gaming Authority, which has authorised him to serve as a Data Protection Officer.
John’s professional credentials also include Compliance Officer roles authorised by the Malta Financial Services Authority (MFSA) in the CSP and Trust & Trustees sectors. Furthermore, he serves as a Money Laundering Reporting Officer, a testament to his experience and expertise in the AML domain.
In the past decade, John has also lectured on various topics related to securities, Compliance, AML, and GDPR, showcasing his dedication to educating others in the field.
