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Have you carried out and documented your AML/CFT Business Risk Assessment?

about 3 years ago by Anne Marie Gilson
AML/CFT Business Risk Assessment

Castille Institute, a well-established leader within the financial services and tech education sector is pleased to work in collaboration with Diligex, on a course titled AML/CFT Business Risk Assessment (BRA) – A practical guide on the 25 October 2018.  The training will be delivered by Dr Kevin Plumpton, Ms Cynthia Borg and Mr Antonio Ghirlando.

AML/CFT Business Risk Assessment (BRA) - A Practical Guide is aimed at Senior Managers, Directors, C-Level Executives, Compliance Ocers, MLROs and Designated Persons wanting a very practical insight into preparing or reviewing their firm’s AML/CFT Business Risk Assessment.


Course Overview

In terms of the 4th AML Directive, Subject Persons are required to identify and assess the risks of money laundering and terrorist financing on its business set up. In doing so, a Subject Person must take into account a number of risk factors, including the risk pertaining to their customers, countries or geographic areas, products, services, transactions as well as delivery channels. This Business Risk Assessment (BRA) must be well documented with evidence-based decision making, and must be updated on a regular basis.

Understanding your biggest AML/CFT risks; - What your Business Risk Assessment should comprise; - Practical steps - the do’s and don’ts; - Evaluating and prioritising your mitigating measures; and - Best practices in monitoring and managing ongoing risk.


About the Speakers

Dr Kevin Plumption – CEO at Diligex 

Kevin is an advocate by profession specialising in Compliance legislation. He graduated as Bachelor of Psychology and Management following which, he resumed his studies and graduated as Bachelor of Laws and three years later as Doctor of Laws from the University of Malta.

Kevin is also the founder of Diligex and his focus, as has always been from the start of the business, is to ensure that Diligex’s clients comply with all relevant legislation, implementing procedures and guidelines issued by Regulatory Authorities. He is also the designer of SOWFi – a highly specialised integrated app focusing exclusively on providing Source of Wealth and Funds compliance to all gaming clients operating within regulated markets. Within the firm Kevin is responsible for running the firm, including all operations, developing the business, training and guiding all employees, overseeing all legal issues arising from time to time within the field of compliance, designing strategy, whilst providing assistance and support to all clients seeking compliance with their regulatory obligations.


Ms Cynthia Borg – Head of Compliance Diligex

Cynthia started her career in banking 28 years ago, during which period she served as an Internal Auditor and Compliance Manager within HSBC Bank Malta, before being appointed in 2013 as the bank's Financial Crime Compliance Lead for the Retail Banking and Wealth Management business, including Insurance and Asset Management. She was subsequently assigned a more focused role as the bank's Head of Global Standards and AML operations within the Retail Banking and Wealth Management areas, with her responsibilities including transaction monitoring and high risk client reviews. In 2016 she was appointed Head of Compliance at MeDirect Bank plc


Mr Antonio Ghirlando – Guest Speaker

Antonio currently serves as the Head of Compliance and Money Laundering Reporting Ocer (MLRO) at one of the local credit institutions, where he retains overall responsibility for both regulatory and financial crime compliance, including the prevention of money laundering, countering the funding of terrorism, combatting proliferation finance and sanctions.

Prior to this, Antonio had worked with a specialist consultancy firm where he was responsible for leading a team of professionals in providing real-time operational support, specialist advice and strategic solutions to an array of local and international clients seeking to ensure ongoing compliance with their regulatory obligations.

Antonio had previously served as the Legal & Compliance Manager within the Financial Intelligence Analysis Unit (FIAU). In this role he was responsible for the Section within the FIAU tasked with the monitoring of compliance of persons and entities subject to anti-money laundering obligations as well as the Unit’s Legal & International Relations Section. He was also primarily responsible for the training of compliance ocers and subject persons alike.

During his career Antonio headed the Financial Crime Unit of another local credit institution and had served as the Secretary General of the Malta Bankers’ Association (MBA). In this latter position he also co-ordinated the banks’ efforts on various regulatory and financial crime compliance issues. These included practical measures relating to the implementation of the salient legislative provisions as well as the finalisation of position papers on various proposals and developments. He was also tasked with representing the banking sector at the European Banking Federation and various local bodies (including MEUSAC, the Payment Systems Users’ Group, the Joint Committee for the Prevention of Money Laundering and the Funding of Terrorism, etc.).

Antonio has presented numerous papers at national and international workshops, seminars and conferences. He also remains actively involved in the provision of training, including public lectures, diploma courses and specially designed in-house courses. Antonio is a graduate of the University of the Witwatersrand in Johannesburg, South Africa.

For further information or to book a seat contact Castille Institute on 20933280 or send us an email on institute@castilleresources.com.