Identifying, monitoring and reporting suspicious transactions

Intake Opening Soon 5:00 - 7:00pm Online

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.


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

  • Introduction to ML/FT
  • Overview of the legal framework
  • Pre-Transaction Monitoring
  • Post-Transaction Monitoring
  • Understanding the activity of the client
  • Red flags
  • Loading of Value
  • Dealing with Cash Intensive Businesses
  • Dealing with high volume businesses
  • The role of the MLRO
  • Internal Reporting obligations and best practice
  • External reporting obligations
  • Suspending a transaction (pre-transaction monitoring obligation)
  • Monitoring order
  • Record keeping obligations
  • Prohibited disclosures and tipping off

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%)


I enjoyed the way it was delivered and the approach of the speaker in answering questions.

C. Costa


John Mark Caruana, B.Com (Hons) (Melit.), M.Sc. (Melit.), CIPPE, CIPM

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.

I'm interested in this course

If you are interested to join this course when the intake is open please fill in the form below.

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.

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