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 [email protected] 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:
The course will provide an overview of the regulatory obligations around transaction monitoring which emanate from the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”), and the FIAU Implementing Procedures Part I and Part II sector-specific guidelines.
The training session will delve into contextual monitoring, which is the next generation of financial crime and fraud detection. We will go through the observations highlighted by the FIAU in the Enforcement Factsheet and the guidance note issued by FIAU in April 2023 around the area of transaction monitoring. The session will also draw on insights from the FIAU’s 2025 Guidance Document on key red flags in financial statements and other non-financial information, highlighting how these indicators can complement transaction monitoring to identify unusual patterns and potential misuse of corporate structures. We will also go over a number of typologies and red flags which are specific to the area of transaction monitoring and look 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 and provide 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 towards 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 Document on Key Red Flags in Financial Statements and Other Non-Financial Information
- 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
Venue: Kindly contact us on [email protected] 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 Core Competency. A certificate of attendance will be provided at the end of the session.
Trainer:
Ma. May Casimiro, Manager, Risk Consulting Advisory Services, KPMG in Malta
May joined KPMG in Malta in 2022 within the firm’s Risk Consulting Advisory practice, having previously spent over five years with KPMG Philippines, where she progressed from Associate to Assistant Manager. Throughout her career, she has specialised in AML/CFT, regulatory compliance and risk advisory services for banks, fiduciaries, fund-related structures, corporate service providers and other financial institutions across the EU, the UK and APAC. Today, May leads and manages engagements focused on AML/CFT framework reviews, CDD/EDD remediation, transaction monitoring, ML/TF risk assessments, regulatory due diligence, licensing support and internal audit. She oversees engagement delivery and multidisciplinary teams, provides risk-based advice to senior stakeholders, and supports clients in strengthening their governance and control frameworks. May is a Certified Public Accountant in the Philippines and a Core AML Trainer for the KPMG Learning Academy Malta, where she develops and delivers specialist training for industry professionals.
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