Description
All subject persons in Malta are obliged to fill and return the Risk Evaluation Questionnaire (REQ). The REQ is there to assist the FIAU and other Authorities to understand the risk of each subject person and the exposures of the country. Such information is very helpful when it comes to updating the National Risk Assessment of Malta and to establish the frequency of on-site or off-site compliance visits by the FIAU.
Successfully completing the REQ proves to be a challenge to most entities due to its detailed information, which at times proves difficult to maintain. The session will go through the REQ obligations and how to best prepare to swiftly handle such requirement within deadlines.
Course Topics
Learning Objectives
Attendees will have a better understanding of the REQ, why it is required and how to prepare for it.
Target Audience
MLROs, Compliance Officers, Risk Officers, sole practitioners registered as Subject Persons (such as Auditors, Accountants, Notaries Public, CSPs), and other management of subject persons.
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.
