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 including banks, financial institutions, remote gaming operators, virtual financial assets service providers, company services providers, accountants and auditors.

This training session will be targeted towards MLROs (including MLRO designates) and all staff members working within the AML function. The course will provide an overview of the regulatory obligations around this area which emanate from the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”), the FIAU Implementing Procedures Part I and Part II sector specific guidelines.

The training session will also delve into contextual monitoring which is the next generation of financial crime and fraud detection. We will also go through the observations highlighted by the FIAU in the Enforcement Factsheet as well as delve into the guidance note issued by FIAU in April 2023 around the area of transaction monitoring. Furthermore, we will go over a number of typologies and red flags which are specific to the area of transaction monitoring, and also delve into the design and review process of such typologies and rules. Additionally, we will be seeing to a number of administrative measures issued by FIAU on this area. Furthermore, we will be providing tips to subject persons, to consider when conducting transaction monitoring.

The course will be made interactive through a number of polls, practical examples and case studies which will be provided during the training session.

Target Audience:

This session is aimed for MLROs (including MLRO designates) and all staff members working within the AML function across all industries including banks, financial institutions, remote gaming operators, virtual financial assets service providers, company services providers, accountants and auditors.

Learning Outcomes:

• An Overview & the Regulatory Framework around this area
• Contextual Monitoring
• The FIAU Enforcement Factsheet
• The FIAU Guidance Note on the obligation of transaction monitoring
• Typologies and red flags specific to transaction monitoring as well as the design and review process of such typologies and rules
• Administrative measures imposed on the area of transaction monitoring
• Tips to consider when conducting transaction monitoring
• Practical Examples and Case Studies

Date: 04/12/2024

Time: 09:00 – 11:10 (including 10 minutes break)

Venue: Live online session – details of how to join the meeting will be sent once registration is complete.

Fee: €60

CPE Hours: This course qualifies for 2 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.

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