The New AML Authority, AML Regulation and the 6th AML Directive

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

A discussion about the newly proposed AML Regulation that is currently being finalised at EU Level. As part of the new ‘AML Package’, the creation of a centralised AML Authority is being proposed. Furthermore, the updated 6th AML Directive will be discussed.

Description: 

The lecture will discuss the newly proposed “AML Package” which consists of four main pieces of legislation, namely:

  • The EU Single Rulebook regulation
  • The 6th AML Directive
  • The creation of Anti Money Laundering Authority (AMLA)
  • Amendment of the EU Transfer of Funds Regulation

The lecture will tackle in detail the above and analyse how this will impact Subject Persons in Malta and in the EU.

Course Topics:

  • Understanding the difference between Regulation and Directive
  • The process of Approving an EU Regulation
  • Describing the AML Package
  • The new AML Regulation “single rulebook”
  • The Anti Money Laundering Authority
  • The 6th Anti Money Laundering Directive
  • The EU Transfer of Funds Regulation

Learning Objective:

The session will prepare attendees on the expected changes that will take place in the near future when the new regulation comes into force.

Target Audience:

  • MLRO
  • Directors of Subject Persons
  • Risk Managers
  • 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%)

Trainers

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.

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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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