Introducing AML for VFA Issuers
Essential preparation for prospective MLROs working with VFA Issuers
Crunch time for issuers of Virtual Financial Assets has arrived. Issuers need licenses and authorisations, and among the requirements imposed by the MFSA is the need for each issuer to have an MLRO (money laundering reporting officer), who has undertaken training and demonstrate it through certification. This course is approved in line with Rule 18.104.22.168 of Chapter 2 of the Virtual Financial Assets Rulebook.
That there is a robust AML regime for the VFA space to mitigate the risk that digital financial services serve as a conduit to money laundering or indeed any other form of crime. About that, there are few disagreements. And the most important pillar for this is the people monitoring and assessing the risk posed by each client or transaction.
This is crucial for the VFA issuer itself, but also for the broader VFA space, for the reputation of the financial services sector as a whole and, indeed, for the entire nation.
This course is designed to provide people intending to fill the role of MLRO for VFA Issuers with a solid grounding of the scope of AML/CFT procedures and an introduction to the specific procedures are required to apply the principles to the digital space and in particular on a distributed ledger.
The course is to be spread over two days and will be addressed by some of the leading practitioners in the field, practitioners who have actively contributed to the understanding AML should work for VFAs.
Date and location:
Session 1: 14 March 2019, 09:00 – 16:30 – Xara Lodge, l/o Rabat
Session 2: 18 March, 09:00 – 16:30 – Corinthia Palace Hotel, Attard
Examination: one to two weeks after the second session
Ms Juanita Bencini – independent practitioner
Ms Ariane Azzopardi – KPMG
Dr Rakele Gauci – BDO Malta
Dr Anthony Cremona – GANADO Advocates
Mr Mirko Rapa – PwC
Dr Diane Bugeja – Camilleri Preziosi Advocates
Dr Ursula Farrugia – CSB Legal
Standard registration fee: €250; reduced to €200 for IFSP members. The fee includes a light lunch.
Please submit registrations online through the IFSP website using the Registration link on the course page, or via email to email@example.com using the registration form attached.
Payment may be effected by cheque made out to the IFSP, or through direct transfer to the IFSP accounts below:
IFSP’s BOV account details:
Bank account number: 400 242 1080-7
IBAN: MT44VALL 2201 3000 0000 4002 4210 807
BIC/SWIFT Code: VALLMTMT
IFSP’s HSBC account details:
Bank account number: 027-039957-001
IBAN: MT37MMEB 4427 7000 0000 2703 9957 001
BIC/SWIFT Code: MMEBMTMT