This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

This course, offered by KPMG Learning Academy, is tailored for all subject persons. The training session will be targeted towards employees working within the AML/CFT function either as first line or second line of defence and other subject persons who deal with CDD, customer onboarding and ongoing monitoring. The course would increase subject persons’ understanding of beneficial ownership within the AML/CFT framework, its importance, and requirements, enhance their ability to detect concealment of beneficial ownership and red flags, ultimately report situations linked to Money Laundering and/or Terrorist Financing suspicion. The European legislative framework, namely the AML Directives, and the Maltese FIAU Implementing Procedures were kept in perspective in the preparation of the material for this course. Other regulations and guidelines published by international bodies such as FATF was also referenced. The training session will also be complemented by several practical examples and case studies.

Target Audience:

All employees working within the AML/CFT function and other subject persons who deal with customer onboarding and ongoing monitoring.

Learning Outcomes:

• Why is it important to identify a Beneficial Owner?
• FATF guidance on Transparency and Beneficial Ownership
• The Beneficial Owner requirement
• Definition of a beneficial owner
• Beneficial Owners in various structures
• Customer Due Diligence – Understanding the ownership and control structure
• Source of funds/wealth of Beneficial Owners
• Adverse media, sanctions and PEP hits on Beneficial Owners
• Concealment of Beneficial Ownership
• Red flags
• Bearer shares
• Beneficial Ownership Register

Venue: Kindly contact us on kla@kpmg.com.mt to indicate your preferred training method; online or in-person.

CPE Hours: This course qualifies for 3 hours of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Trainers:

Ma. May Casimiro, Assistant Manager, Risk Consulting Advisory Services, KPMG in Malta

May is an accountant by profession and holds a Bachelor of Science Degree in Accountancy, from the Polytechnic University of the Philippines. In 2016, she obtained a Certified Public Accountant (CPA) License in the Philippines.

She joined KPMG Malta in July 2022 as an Assistant Manager in the Firm’s Risk Consulting Advisory practice. Within her role at KPMG Malta, May works extensively in the areas of Anti-Money Laundering Compliance, particularly assisting local and foreign companies in the review of their AML/CFT-related policies, procedures, and testing of their controls. She was involved in several projects including AML internal audit engagements as well as CDD review and remediation projects.

Prior to joining KPMG Malta, she was an Assistant Manager in KPMG Philippines’ Risk Consulting Advisory Group where she worked on a number of AML-related assignments such as AML/CFT compliance assessments, AML remediation projects, institutional ML/TF risk assessments and transaction monitoring system reviews. As part of her managerial role in KPMG Philippines, May was in charge of undertaking internal risk management and client engagement management procedures including client acceptance, continuance and engagement procedures. She has also assisted the Engagement Partners in business development initiatives covering preparation of proposals, review of pre-engagement activities and contracting with prospective clients.

Lindza Julao, Advisor, Risk Consulting Advisory Services, KPMG in Malta

Lindza holds a Bachelor of Science in Accountancy from Colegio De San Juan de Letran and Bachelor of Science in Management Accounting from the University of Santo Tomas in the Philippines. In 2018, she earned her Certified Public Accountant (CPA) license and in 2023, she obtained her Certified Anti-Money Laundering Specialist (CAMS) certification. She joined KPMG Malta in April 2024 as an Advisor in the firm’s Risk Consulting Advisory practice, specializing in Anti-Money Laundering (AML) services. Before joining KPMG Malta, she accumulated five years of combined audit and advisory experience across various financial and non-financial institutions.

Prior to joining KPMG Malta, she was an AML Compliance Officer of a FinTech Company where she was directly exposed in various AML operations including reporting of suspicious transactions and covered transactions to the AML regulator, supporting name screening, reviewing CDD/EDD procedures of business units, conducting transaction monitoring and facilitating basic AML training sessions to the employees within the company.

Further, Lindza also worked as a senior AML consultant in one of the Big Four audit firms in the Philippines where she worked on multiple engagements including benchmarking analysis, drafting of AML policies and procedures, remediation projects, and loan review projects. During her stint in the Big Four audit firms, she also worked within the audit department, focusing on statutory audit of a credit card company, insurance and microinsurance companies, where she assisted in performing interim and year-end substantive procedures and finalising financial statement balances.

Is your employer paying for your CPE seminars? Contact us on kla@kpmg.com.mt to discuss how the employer can benefit from our offers.

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