This event is aimed primarily at legal and compliance officers working with banks based in Malta, to obtain a better understanding of what Trusts and Foundations are, how they are regulated, and accepted by banks as their customers.

Representatives from different regulatory and supervisory authorities will be speaking about the procedures, laws, and regulations that apply in this field, in order for banking compliance departments to have peace of mind when dealing with such structures and to understand that Trusts and Foundations were created to be efficient tools for the service of both corporate entities and individuals, and not to evade tax, launder money, or finance terrorism. Therefore, the use of such structures, when used properly, should be encouraged and not dissuaded.

Supported by the Malta Bankers’ Association – MBA.

 

Event Agenda

15:00 – 15:05

Welcome speech

By FinanceMalta chairman, Rudolph Psaila

By FinanceMalta chairman, Rudolph Psaila

15:05 – 15:30

Panel: understanding the banks’ position and concerns

Moderator – Vanessa Macdonald, Central Bank of Malta

Panelists:

Maruska Buttigieg Gili – BNF

Simon Micallef – APS

Alexandra Sciberras – Sparkasse

Moderator – Vanessa Macdonald, Central Bank of Malta

Panelists:

Maruska Buttigieg Gili – BNF

Simon Micallef – APS

Alexandra Sciberras – Sparkasse

15:30 – 15:40

What compliance officers at Banks need to know about Trusts and Foundation

Dr Priscilla Mifsud Parker – Chariperson, STEP

Dr Priscilla Mifsud Parker – Chariperson, STEP

15:40 – 15:50

The MFSA’s Risk Based Approach towards supervision of Trustees and Administrators of Foundations

Petra Camilleri – Senior Manager (Trustees & CSPs), MFSA

Petra Camilleri – Senior Manager (Trustees & CSPs), MFSA

15:50 – 16:00

Money laundering and funding of terrorism risks associated with Trusts and Foundations.

Carmela Loredana Umbro – Senior Officer Guidance and Outreach – Legal Affairs, FIAU

Carmela Loredana Umbro – Senior Officer Guidance and Outreach – Legal Affairs, FIAU

16:00 – 16:10

The Malta Business Registry – Legislative Developments, Expectations and Enforcement Action

Geraldine Spiteri Lucas – Chief Legal Officer, Malta Business Registry

Geraldine Spiteri Lucas – Chief Legal Officer, Malta Business Registry

16:10 - 16:20

BREAK

16:20 – 16:35

An International Perspective: Experience in dealing with Trusts & Foundations

Andre Toubkin – Director, Wealth Management Switzerland, Schroder & Co Banque SA

Andre Toubkin – Director, Wealth Management Switzerland, Schroder & Co Banque SA

16:35 – 17:10

Q&A session
  • Priscilla Mifsud Parker, STEP chairperson
  • Petra Camilleri – Senior Manager (Trustees & CSPs), MFSA
  • Carmela Loredana Umbro, Senior Officer Guidance and Outreach – Legal Affairs, FIAU
  • Geraldine Spiteri Lucas – Chief Legal Officer, Malta Business Registry
  • Alexandra Sciberras – Malta Bankers Association

Moderated by Rudolph Psaila, FinanceMalta Chairman

  • Priscilla Mifsud Parker, STEP chairperson
  • Petra Camilleri – Senior Manager (Trustees & CSPs), MFSA
  • Carmela Loredana Umbro, Senior Officer Guidance and Outreach – Legal Affairs, FIAU
  • Geraldine Spiteri Lucas – Chief Legal Officer, Malta Business Registry
  • Alexandra Sciberras – Malta Bankers Association

Moderated by Rudolph Psaila, FinanceMalta Chairman

17:10 – 17:15

Conclusion

By FinanceMalta chairman

By FinanceMalta chairman

Speakers

Rudolph Psaila

Rudolph Psaila

FinanceMalta - chairman

Vanessa Macdonald (Moderator)

Vanessa Macdonald (Moderator)

Communications Coordinator - Central Bank of Malta

Alexandra Sciberras

Alexandra Sciberras

Head of AML, Sparkasse Bank Malta

Priscilla Mifsud Parker

Priscilla Mifsud Parker

STEP chairperson

Petra Camilleri

Petra Camilleri

Senior Manager (Trustees & CSPs), MFSA

Carmela Loredana Umbro

Carmela Loredana Umbro

Senior Officer Guidance and Outreach - Legal Affairs, FIAU

Geraldine Spiteri Lucas

Geraldine Spiteri Lucas

Chief Legal Officer, Malta Business Registry

Andre Toubkin

Andre Toubkin

Director Wealth Management Switzerland, Schroder & Co Banque SA

Pricing & Registration

€0

Participation Fee

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