Deloitte Webinar: Dealing with PEPs
Date 13 May 2021
Time 17:00–19:00 CET
Venue Online
Price €40
Registration link https://www.mitcentre.com/book-now/294/295
Webinar description
Dr Rakele Cini will be delivering a session to delve into the definition of “Politically Exposed Persons” (PEPs) in terms of Maltese Regulations, recent changes brought about by the 5th EU Anti-Money Laundering Directive, and the methods of how to identify such individuals. In principle, there are no specific prohibitions from servicing PEPs, both as customers and where the beneficial owner of customers is a PEP. However, subject persons must implement measures and controls to deal with this heightened-risk category. A number of specific customer due diligence criteria need to be met on an ongoing basis.
Webinar topics
- Defining Politically Exposed Persons
- Defining family members of PEPs
- Defining close associates of PEPs
- Methods for identifying PEPs
- Enhanced due diligence measures for the above
- Enhanced ongoing monitoring for the above
Learning objectives
- Understanding the legal definitions of “politically exposed persons”, “family members”, and “persons known to be close associates”
- Assisting in implementing methods and controls for identifying such customers and/or beneficial owners as PEPs
- Exploring the Enhanced Due Diligence Measures to be implemented by subject persons in the case of PEPs
- Understanding the involvement of senior management
Target audience
- Subject Persons
- Compliance officers
- MLROs
- Monitoring Functions
- Directors of subject persons
- Compliance executives
Trainer name
Dr Rakele Cini
Trainer bio & experience
Dr Rakele Cini is an independent legal consultant with many years of experience in AML/CFT, regulatory and compliance advisory. She primarily advises local & international firms / practitioners operating within the regulated industries on matters relating to the prevention of money laundering & funding of terrorism, due diligence, risk management, good governance, and other compliance areas. She is invited to lecture regularly by private institutions and regulatory bodies on these topics. She was previously head of Risk & Compliance at BDO Malta and, prior to that, formed part of the practice protection group at Deloitte Malta for numerous years. Rakele is an active member of the PMLFT sub-committee at the Malta Institute of Accountants and the Institute of Financial Services Practitioners.
