AML/CFT Compliance Solutions by Diligex

The MFSA is urging Payment Institutions (PIs) and Electronic Money Institutions (EMIs) to up their game and enhance their client fund safeguarding practices. Following a thematic review, our latest Dear CEO letter outlines key areas for improvement and the updated regulatory expectations in line with the latest Rulebook amendments. These updates provide a clear framework for fund safeguarding and outsourcing arrangements, ensuring compliance with international best practices. As part of our ongoing collaboration with global regulatory bodies, we continue working to strengthen Malta’s financial ecosystem, making it more resilient, transparent, and secure. Read more about our findings and next steps: https://lnkd.in/dZsQjviU.

An in-depth #tradebased #moneylaundering with specific attention to auditors and accountants, set out by the Financial Intelligence Analysis Unit (FIAU) Malta this morning. Trade-based money laundering is a complex risk due to the nature of the business paths it undertakes, the extent of paperwork, multi-jurisdictional involvement, and complex transactions that may require technical understanding. Detailed insights, examples and red flags being shared, with a practical approach through hands-on workshops, such as this training session organized by the regulator this morning, are key tools to equipping yourself to mitigate one's business being used, at times, without one's own knowledge.

BREAKING NEWS: FATF has added Nepal and Laos to a global "gray list" and removed the Philippines, the group's president said Friday. Read in front of the paywall, on ACAMS moneylaundering.com, here: https://lnkd.in/gHkTZDNi #AML #FATF #Philippines #Banking #Casinos #MoneyLaundering

The #NextGen #Payments and #Regtech Forum 2025 by QUBE Events bringing together regulators, gaming leaders, financial institutions, and neobanks in one conversation - the common theme today is about #regulation and #efficiency working together, or to what extent. All sessions touched upon #AI in one way or form.

The Malta Financial Services Authority (MFSA) has published a "Dear CEO" letter following its Thematic Review on the 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗙𝘂𝗻𝗰𝘁𝗶𝗼𝗻 of #CSPs. The review highlights both commendable improvements and areas requiring further enhancement to ensure a robust governance culture across the sector. Key takeaways include: ⭕ Improved #Compliance #Implementation – The MFSA acknowledges progress made by CSPs in strengthening their compliance function. ⭕ Safeguarding Compliance #Independence – CSPs are encouraged to ensure that Compliance Officers operate with full autonomy. ⭕ #Testing & #Documentation – Firms must systematically test compliance processes, document breaches, and act on findings. ⭕ #Board Engagement – Compliance Officers should provide regular updates to the Board, with discussions properly recorded. ⭕ #Gap #Analysis Requirement – All CSPs, not just those sampled, should conduct a documented gap analysis to align with MFSA expectations. The MFSA underscores the Three Lines Model as a guiding framework and remains committed to supporting CSPs in enhancing their compliance and governance culture. Read the full letter here: https://lnkd.in/dkySQkCF

🗓️The Financial Intelligence Analysis Unit (FIAU) Malta has published the 2025 #RiskEvaluationQuestionnaire Deadlines on its website (📸 Snippet below). The questionnaires have been available since December 2024. They will be available on #CASPAR to file the REQ as of 3rd March 2025. Note the deadlines below - Reach out if you need any assistance:

📆 1 𝒎𝒐𝒏𝒕𝒉 𝒕𝒐 𝒈𝒐 - book your tickets now! We are proud to announce that for the third year running we are 𝐏𝐋𝐀𝐓𝐈𝐍𝐔𝐌 partner at the Malta Stock Exchange plc Summit, Malta's largest #GRC and #ESG Conference. We continue to truly believe in the nurturing of a #positive #compliance #culture to re-position, nurture and #elevate the jurisdiction. Thank you to our speakers Marc Laine (Aspida Group) who shall be bringing in his experience and insight in moderating the Cross-Section between 𝐑𝐞𝐠𝐭𝐞𝐜𝐡 & 𝐀𝐈 panel during the plenary and Shreeji Doshi (Thomas Murray) who shall deliver his expert keynote speech to the 𝐂𝐲𝐛𝐞𝐫 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐑𝐢𝐬𝐤𝐬 in the Digital Age Workshop.

At the The Malta Institute of Accountants (MIA) and Financial Intelligence Analysis Unit (FIAU) Malta #AML Conference 2025 - Maintaining a Robust AML Ecosystem gauging discussions and following key insights on key AML/CFT trends, supervision updates, transaction monitoring, and best practices ahead of the Moneyval 6th Round. #AML #Compliance #FinancialIntegrity

In an ever-globalized world of trade, international #sanctions have taken centre-stage as part of #due #diligence and #risk #management. The Sanctions Monitoring Board - Malta is undertaking a two-day conference bringing together both public and private sector together with international expertise for Nexus 2.0 Malta Sanctions Conference. AML/CFT Compliance Solutions by Diligex team together with colleagues from Aspida Group are at the conference to keep ourselves abreast as this crucial topic overlays on the requirements of both #complianceobligations and #businessprotection needs. Reach out to learn more on the most recent #sanctions developments. Jeanette Gatt Diane Abela Penza Matthew Agius Erika Scerri Roxanne Vassallo Jennifer A. Michaela Haber Michael Calleja Adriana Cassar