PREPARING FOR INSPECTIONS BY THE REGULATOR

FinanceMalta

June 2, 2023

PREPARING FOR INSPECTIONS BY THE REGULATOR

Good Governance: preparing for visits and/or requests for information by the relevant Authorities: Local legislation grants the relevant authorities broad powers to carry out inspections on and request information from subject persons, licensed entities and taxpayers, as the case may be. The MIT in collaboration with the MSEI is offering two webinars which are designed for designated non-financial business providers and corporate service providers, and which will give participants insight into the supervisory and/or investigative processes undertaken by the relevant authorities.This second session – Preparing for Inspections by the Regulators – The FIAU and the MFSA can and are given authority by law to perform inspections on subject persons and licensed entities. This course is aimed at Designated Non-Financial Business Providers and Corporate Service Providers and will give insight on the different supervisory engagements carried out.

Sample Topics Covered:

The expectations of the relevant Regulators
How to prepare for an FIAU or MFSA Inspection
The various stages of an FIAU and/or an MFSA inspection
Who would be requested to participate in an FIAU and/or an MFSA Inspection
Common issues raised as a result of an FIAU/MFSA inspection – what can be improved?
What to expect after the inspection
Potential penalties

Part 1 of the Good Governance Series covers Requests for Information and Inspections by the Office of the Commissioner for Revenue. Click here to find out more.

BENEFIT FROM A 10% DISCOUNT WHEN BOOKING BOTH SESSIONS.

Overview

Why Attend?

PART 2 OF OUR GOOD GOVERNANCE SERIES, ORGANISED IN COLLABORATION WITH THE MSEI

Agenda Highlights:

Confirmed Speakers

Dr Malcolm Mallia - Malcolm is the Founder of LEXCO compliance where he actively supports the Anti-Money Laundering (AML) compliance team in all legal matters relating to AML and Customer Due Diligence. The compliance team, which has extensive practical experience in AML/CFT, supports subject persons including CSPs, Fiduciaries, Accountants, Auditors, Notaries, Legal professionals and Real Estate Agents in all their AML compliance obligations such as development of AML manuals, procedures and policies, CDD and Risk Assessment tools. Malcolm is a warranted advocate and holds a Doctor of Laws degree from the University of Malta, a Bachelor of Commerce degree in accountancy and business management, and an MBA from Henley Management College (UK). He has been involved in the field of compliance for the last 20 years supporting organisations become compliant to their relevant industry and legal standards. Malcolm is also a visiting lecturer at the University of Malta in the Faculty of Economics, Management and Accounts, a member of the Chamber of Advocates and an ISO 9001 auditor. Malcolm is also an MFSA approved Compliance officer for CSPs and Trustees.