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 remote gaming operators. The training session will be targeted towards all employees working within the AML function, payment processing, fraud and risk operations. The course will provide an overview of the types of fraud which commonly manifest in the remote gaming industry, including the procedures, measures, and controls that can be applied by remote gaming operators to identify, prevent, and mitigate fraud, as well as delve into the reasons behind such a high incidence of under-reporting of fraud and explore the benefits of shifting towards increased collaboration and reporting. The European legislative framework, namely the AML Directives, was kept in perspective in the preparation of the material for this course. Other regulations and guidelines published by international bodies such as FATF, MONEYVAL and The Wolfsberg Group were also referenced. Such guidelines will also be taken into consideration when sharing industry best practices throughout the progress of the course. Furthermore, a series of red flags that remote gaming operators should look out for in their day-to-day practice to ensure that fraudulent activity is uncovered in a timely manner will be identified through an interactive knowledge-sharing exercise. The training session will also be complemented by a number of practical examples and case studies.

Target Audience:

All employees working within the AML function, payment processing, and fraud and risk operations in the remote gaming industry.

Learning Outcomes:

• The link between Fraud & AML – the notions of predicate and derivative offences and the facilitating effect of fraud on the movement of funds through the three stages of money laundering
• Identity fraud – an understanding of common types of identity fraud and the importance of effective KYC processes to mitigate such fraud
• Credit card fraud – an appreciation of the diminishing and accentuating factors of credit card risks and an overview of risk mitigation strategies
• Other types of fraud – chip dumping and collusion, and manipulation of digital data including the replication of products, features, or portals to mimic those of well-renowned operators and deceive players into depositing their funds
• The under-reporting of fraudulent activity – reasons for under-reporting and the benefits of moving towards increased reporting
• The importance of collaboration – a look into the features and benefits of a collaborative cross-departmental strategy
• Red flags – an identification of common red flags indicating fraudulent activity throughout the stages of the player’s life cycle including registration, identification, verification and ongoing monitoring
• Case studies.

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 2 hours of Structured CPE which can be classified as Professional Competency. A certificate of attendance will be provided at the end of the session.

Trainers:

Keith Tabone Jacono, Assistant Manager, Risk Consulting Advisory Services, KPMG in Malta

Keith obtained a Master of Arts in International Affairs with a focus on Financial Intelligence and Countering the Financing of Terrorism (CFT) including International Sanctions regimes, and has over 4 years of experience within Anti-Money Laundering (AML) teams.

Within his role at KPMG, Keith assists local and foreign companies in the testing of their AML/CFT related policies, procedures and controls. Prior to joining KPMG, Keith has worked as a Financial Crime Analyst with one of the largest online gaming operators, working with teams in the UK, Europe, and Malta across a number of brands and has also worked at a local bank. Keith has worked on updating policies and procedures in line with changing AML Directives, improving repeatability and auditability of AML team workflows and processes, developing frameworks for performing remediation actions, and lead automation projects for AML teams while coordinating with internal and external teams. Other responsibilities included, replying to requests for information, sanctions and adverse media screening, process gap identification and remediation, and collating MIS information.

Keith has obtained internationally recognised AML/CFT certifications in betting and gambling, and compliance in financial services, namely, ICA International Advanced Certificate in Anti Money Laundering, and ICA Specialist Certificate in Money Laundering Risk in Betting and Gaming, as well as a Compliance in Financial Services and MLRO Professional Certificate from LEAD Training Services, Malta. He is also trained in internet investigative skills and open-source investigations.

He specialises in SAR/STR investigations and reporting in the gambling and banking industries, sanctions and adverse media screening, reviews of AML policies and procedures in line with local legislation and EU directives, and leading automation processes within AML teams.

Katrina Vella, Advisor, Risk Consulting Advisory Services, KPMG in Malta

Katrina is an accountant by profession, and holds a Master’s in Accountancy, completed in 2023, and a Bachelors of Commerce in Accounting and Marketing completed in 2021 from the University of Malta.

In 2021, Katrina transitioned to the Deal Advisory Team through an internship programme, which was then followed by a full-time position following the successful completion of her studies. In November 2023, Katrina was seconded to the Risk Consulting Department, where she worked on an AML remediation project. As of March 2024, she transitioned fully as a member of Risk Consulting.

Katrina has experience in Remediation Projects globally. Through these projects, her responsibilities include conducting comprehensive AML gap analyses, identifying discrepancies between current practices and regulatory requirements, and performing in-depth Customer Due Diligence (CDD) reviews to ensure compliance with AML regulations and mitigate financial crime risks

Discover more courses from our KPMG Learning Suites.

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.

Terms and conditions.