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.

Overview:

This course, offered by KPMG’s Gaming Faculty, will be focused on the remote gaming sector and directed to new MLROs (including new MLRO designates), and new staff members within the AML function. The course will delve into the FIAU Implementing Procedures Part I and the Part II, which the latter specifically relates to the remote gaming licensees. Particular topics will include the Risk-Based Approach (clarifying the concept and application of the Business Risk Assessment and the Customer Risk Assessment), CDD and EDD, MLRO obligations, PEPs, Sanctions, Training and more. We will also treat the subject of Terrorist Financing, which typically tends to attract less attention but is nonetheless an obligation of subject persons.

Course Outline:

• Malta’s AML Regulatory Framework
• Risk-based approach: the Business Risk Assessment and the Customer Risk Assessment
• CDD and EDD measures
• Purpose and Intended Nature of the Business Relationship
• Ongoing Monitoring
• Politically Exposed Persons
• The MLRO role and Reporting Obligations
• Awareness and Training
• Record Keeping Procedures
• Sanctions Regulations & Sanction Screening Obligations
• Adverse Media
• Red Flag Indicators
• Common Shortcomings from Compliance Examinations
• Terrorism Financing

Target Audience:

MLROs (including new MLRO designates) and staff members within the AML function who work in the remote gaming industry.

“Really interesting training – MLRO Training for the Remote Gaming. Thanks to KPMG.”

– Attendee, Compliance Manager
(December 2021 edition)

Pre-requisites:

This course would be particularly helpful to individuals working on AML/CFT in the remote gaming industry.

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 Professional Competency. A certificate of attendance will be provided at the end of the session.

Trainers:

Deborah Cassar, Associate Director, AML, Risk Consulting Advisory Services, KPMG in Malta

Deborah, Associate Director in AML within the Risk Consulting Advisory Services at KPMG Malta, has over 10 years’ experience within the Financial Services sector with foreign and local entities and over 12 years’ experience within the AML/CFT field. Deborah graduated in the Bachelor of Commerce Degree in Banking & Finance and Management from the University of Malta and obtained certifications in Anti‐Money Laundering, Sanction Compliance, Regulatory and Financial Crime Compliance in collaboration with the International Compliance Association (ICA). In 2017, she has obtained an international golden standard specialisation with ACAMS as a recognised and Certified Anti‐Money Laundering Specialist (CAMS) and in 2021, she obtained an Advanced CAMS specialisation in Risk Management (CAMS‐RM). Deborah is an active member with the Association of Certified Anti‐Money Laundering Specialists (ACAMS) and is a Co‐Founder and Co Chair of the ACAMS Malta Chapter.

Deborah has gained knowledge and expertise in Transactions Monitoring, Suspicious Reporting, Analysis and Investigations, AML Advisory, Client Sanctions Screening, Anti‐Bribery & Corruption, Regulatory Compliance, AML/CFT Training, and other areas within Financial Crime Compliance. Before joining KPMG, she worked for over 2 years with the Financial Intelligence Analysis Unit (FIAU) as a Compliance Officer within the Unit’s Compliance Section. She has extensive experience in carrying out Compliance on‐site and off‐site examinations with the different subject persons; reviewed, assessed and evaluated inspection reports and implemented any necessary corrective measures and procedures; represented the FIAU in EU and Moneyval working groups and committees in the domestic and foreign fora; developed sectoral guidance for the financial and non‐financial sectors; and advised and assisted subject persons to establishing appropriate AML/CFT internal structures and controls.

At KPMG, Deborah works extensively in the areas of Anti‐Money Laundering Compliance. She has managed AML projects locally and assisted entities to comply with regulatory obligations specifically on AML/CFT. These projects include assisting with the drafting and/or review of policies and procedures, training, review of processes, GAP analysis, Customer Risk Assessments and Business Risk Assessments. Deborah also participates in delivering AML/CFT presentations in KPMG’s AML Roundtables.

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.

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