Deloitte Webinar: Identifying, monitoring and reporting suspicious transactions

Date                                       15 September 2021

Time                                      17:00–19:00 CET

Venue                                    Online

Price                                      €40

Registration link                  https://www.mitcentre.com/book-now/326/327

Webinar description

The course will discuss the legal obligations and from where these are derived in the context of transaction monitoring and reporting of suspicious transactions. The course will discuss in detail the internal and external reporting procedures. Detailed analysis will be discussed on pre and post-transaction monitoring obligations and when these apply. Red flags of typical suspicious transactions and the methodology behind building a transaction monitoring procedure will also be covered in the session. Other related topics such as the role of the MLRO together with prohibited disclosures will also be briefly discussed.

Webinar topics

• An introduction to ML/FT
• Overview of the legal framework
• Ongoing monitoring
• Pre-transaction monitoring
• Post-transaction monitoring
• Type of transaction monitoring vis-à-vis the type of service being provided
• Red flags
• Internal reporting procedures (Including internal STRs and their contents)
• External reporting procedures (Including STRs or SARs to FIAU)
• Using goAML – a brief overview
• The Role of the MLRO – a brief overview
• Drafting an internal transaction monitoring procedure
• Transaction monitoring examples
• A brief discussion on monitoring orders issued by FIAU
• Prohibited disclosures and the tipping-off offense
• Concluding remarks

Learning objectives

Following the session, attendees will have a good understanding on the legal obligations in the area of transaction monitoring and reporting. Furthermore, the course will provide knowledge on the drafting of internal procedures in the context of transaction monitoring together with internal and external reporting procedures.

Target audience

MLROs, Compliance Officers, Directors of Subject Persons, individuals involved in transaction monitoring, other self-employed subject persons.

Trainer name

Mr John Mark Caruana

Trainer bio & experience

John has over 10 years of experience within the financial services industry in compliance, MLRO, Directorships of collective investment schemes, FX trading, Hedging, and investment advice. He graduated with Honours in Banking & Finance in 2008 and achieved a Master of Science in Banking & Finance in 2015 where he was awarded an Honours Roll by the University of Malta and best dissertation award by the Malta Stock Exchange. In July 2018, John was the first Maltese resident to be awarded two qualifications in Data Privacy by the International Association of Privacy Professionals (IAPP) being the Certified Information Privacy Professional / Europe (CIPP/E) and Certified Information Privacy Manager (CIPM). John is a co-founder and Compliance Director of a local AML consultancy firm. He is a fellow member of the Malta Compliance Officers Association (MACO) and a member of the International Association of Privacy Professionals.