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, will be open to all industries namely, banks, financial institutions, remote gaming operators, virtual financial assets service providers, company services providers, accountants, and auditors. The course will provide a deeper understanding of perpetual KYC (“pKYC”), as an advanced approach to traditional customer due diligence (CDD), leveraging the use of artificial intelligence (“AI”) and machine learning (“ML”). This continuous monitoring solution to updating customer information enables firms to enhance their compliance with the applicable regulatory frameworks and reduce the risk of non-compliance and sanctioning. pKYC also enhances the customer experience of the product offering while improving operational efficiency. Following a quick overview of the basic principles of KYC, the training session will delve into the importance of maintaining proper CDD and record keeping. We will then review the advantages of pKYC over regular KYC practices and provide tips for implementation. We will also go through the regulatory obligations for maintaining proper and up-to-date KYC which emanate from the FATF recommendations, the EU AML directives, the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”), and the FIAU Implementing Procedures.

Target Audience:

This training session will be targeted towards regulatory compliance professionals, risk managers, MLROs (including MLRO designates) and all staff members working within the AML function, and anyone with an interest in applying pKYC strategies within their field.

Learning Outcomes:

• Applicable FATF recommendations, EU, and national legislative frameworks
• An overview of CDD and record keeping
• Perpetual KYC (pKYC) – What is it?
• A comparison of Periodic, Hybrid, and Perpetual KYC
• Leveraging artificial intelligence (AI) and machine learning (ML)
• Tips for implementing pKYC at your workplace
• Practical Examples and 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 to each participant after the session.

Trainer:

Keith Tabone Jacono, Asisstant 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.

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.