Please note:
Registrations are now open. Enrol today!
This course will enable the learner to
- Understand the concept of money laundering;
- Appreciate the importance of AML regulation in combatting crime, fraud and terrorism;
- Become aware of obligations under arising under the Prevention of Money Laundering Act,
- Prevention of Money Laundering and Funding of Terrorism of Regulations and other relevant legislation and guidelines;
- Understand the main responsibilities of Senior Management and the Money Laundering Reporting Officer (‘MLRO’);
- Learn about industry-specific good practice guidance and direction on AML programmes;
- Conduct proper customer due diligence procedures;
- Develop and implement effective systems and controls for the prevention and detection of AML;
- Define the role of the Financial Intelligence Analysis Unit (FIAU).
- Course updated with the latest 5th AML Directive Developments
Accreditation and MQF level
A CPD Award accredited with 4 ECTS credits (MQF Level 5) by the Malta Further & Higher Education Authority (MFHEA) in Anti-Money Laundering and Funding of Terrorism will be presented to delegates who obtain a minimum pass in the relative assignment.
Course Duration & Examination Date
4 modules spread over 8 evening sessions.
Entry requirements
The entry requirements for this course are 5 O-Levels and 2 A-Levels OR a minimum of 3 years working experience in Business Administration.
Course Delivery Mode – Live Webinars
This course will be delivered via live online webinars. The course trainers will be visible on screen via a professional webinar platform through which students can follow the trainer presenting live whilst also using a powerpoint presentation and sharing other resources as necessary. Students will be able to interact with the trainer by sending questions or comments through the same webinar platform. Our student support team will assist all students with simple instructions on how to access the webinar online. A support line will also be made available to communicate with a student support officer in case of technical difficulties encountered during the live webinar.
All webinars will also be recorded and uploaded on the student online resources portal for future reference during home study. Trainers will also dedicate very regular Q & A times during the webinar to ensure all students can have the chance to ask questions and reach the intended learning objectives. The email and contact details of the trainer will also be made available in case students would wish to get in touch with the trainer throughout the course period.
Short 10 minute breaks will be given during the webinar.
Course Dates
Modules |
Dates |
Time |
Module 1: Introduction to Money Laundering & Terrorist Financing |
11/05, 18/05 |
1730-2030 |
Module 2: The Risk-Based Approach And Reporting Requirements |
25/05, 01/06 |
1730-2030 |
Module 3: Implementing Customer Due Diligence Procedures |
08/06, 15/06 |
1730-2030 |
Module 4: Building a Compliance Department (Governance and Training) |
22/06, 06/07 |
1730-2030 |
Please note that as per terms and conditions, LEAD Training Services reserves the right to alter course dates, times and venue in exceptional circumstances beyond its control.
Course Outline
Module 1: Introduction to Money Laundering & Terrorist Financing
Trainer: Dr Manfred Galdes
ECTS credits: 1
Learning Outcomes:
At the end of the module/unit the learner will be able to:
- Identify the importance of anti-money laundering and counter terrorist financing and the main elements of both offences, together with their distinguishing features.
- Gain a better understanding of the regulatory framework that is in place.
- Understand the role of the main international bodies.
- Understand the role of the FIAU both as a financial intelligence unit and as a supervisory authority.
- Appreciate how supervision is carried out and how the various supervisory authorities interact in carrying out AML/CFT regulation both through on-site and off-site work.
- Have a broader understanding of the legislative framework in Malta.
- Comprehend to a larger extent the provisions of the Prevention of Money Laundering Act, including those related to provisional court orders and the main definitions under the Act.
- Have a deeper understanding of the relevant provision of the Criminal Code, particularly those relating to the offence of funding of terrorism.
Module 2: The Risk-Based Approach and Reporting Requirements
Trainer: Martina Scalpello
ECTS credits: 1
Learning Outcomes:
At the end of the module/unit the learner will be able to:
- Describe the Regulations around escalating and reporting suspicious activity.
- Understand the role of the Money Laundering Reporting Officer within the organisation, the duties and obligations in terms of record keeping, vetting of employees, and training.
- Identify possibly suspicious activities and red flag indicators for money laundering.
- Understand the recent developments in relation to the 4th EU Anti-Money Laundering Directive.
- Understand the FATF Recommendations and Methodology.
- Gain awareness of the AML risks effecting an organisation and the way to mitigate them.
- Discuss methods on how to implement the risk based approach.
- Describe all the necessary requirements around reporting and avoiding the risk of tipping-off.
Module 3: Implementing Customer Due Diligence Procedures
Trainer: Dr Rakele Cini, Martina Scalpello
ECTS credits: 1
Learning Outcomes:
At the end of the module/unit the learner will be able to:
- Understand the requirements of the CDD procedures.
- Understand how identification and verification of an applicant for business and a beneficial owner is to be carried out, and the resources which can be used.
- Identify the obligations for subject persons to carry out ongoing monitoring and sanction screening of a business relationship.
- Identify the instances when enhanced due diligence measures need to be carried out and those instances when simplified due diligence can be carried out.
- Gain awareness of what constitutes a reputable jurisdiction and Politically Exposed Persons.
Module 4: Building a Compliance Department (Governance and Training)
Trainer: Dr Rakele Cini
ECTS credits: 1
Learning Outcomes:
At the end of the module/unit the learner will be able to:
- Identify internal policies and procedures which need to be implemented within your organisation for AML/CFT.
- Create a proactive culture within the whole organisation with respect to risks from ML/FT.
- Become aware of what is needed in the AML/CFT framework and what responsibilities will rest with which functions in the organisation.
- Gain awareness and knowledge of how to assess and audit the AML/CFT structure.
- Become aware of common weaknesses in typical AML frameworks.
- Gain awareness of the compliance and risk management function within your organisation.
- Case studies.
Trainers
Dr. Rakele Cini

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.
Dr Manfred Galdes

Dr Manfred Galdes is one of Malta’s foremost AML/CFT and compliance specialists, having formerly headed the Financial Intelligence Analysis Unit, the agency responsible for the regulation and supervision of all entities subject to anti-money laundering and counter-terrorism financing obligations. He recently joined a local Risk & Compliance company, leading a multi-disciplinary team of professionals providing specialist advisory and support services to private and public entities in the field of AML/CFT and financial crime compliance.
During his tenure at the FIAU he spearheaded the development of an effective risk-based supervisory framework and dedicated himself to refining Malta’s capabilities in fighting financial crime. Over the years he also chaired various domestic committees and represented Malta on international bodies and expert groups set up to contribute to the establishment of EU and international AML/CFT standards and the evaluation of country and institutional compliance with these standards.
Dr Galdes has been involved in the drafting of various laws and lectures on the subject of prevention of money laundering and other areas of law. He was also responsible for co-ordinating Malta’s first AML/CFT National Risk Assessment
After graduating Doctor of Laws from the University of Malta in 2001, Dr Galdes was then conferred the LL.M. degree in EU Commercial Law by the University of Leicester in 2006.
Martina Scalpello
Information coming soon.
Testimonials
- Lead Training Services have recently organised, to our utmost satisfaction a n accredited course leading to the Certification in Anti-Money Laundering and Funding of Terrorism.
Both the training delivery and learning content have served us very well in this critical, compliance training requirement within the financial services industry.
Paul Gauci,
Executive Head, Training Centre, Bank of Valletta
- I attended an Anti-Money Laundering and Funding of Terrorism compliance course and found the content and structure of the course most useful. The course was tested with an exam at the end and a certificate was issued; the course content was excellent and both presenters over the 6 weeks of the course provided a high quality of training. The fact that the course was tested at the end was most useful as it confirmed the value we received from attending.
Philip Eatonrichards,
Managing Partners Group
- I have attended the course ‘Certificate in Anti-Money Laundering and Funding of Terrorism’ and I must say it was very interesting and very relevant to the practical side of today’s real case situations. The tutors were very understanding and focussed and LEAD’s admin was pretty much up to scratch to ensure we were being provided a good service. I shall definitely be using LEAD training services again and would definitely recommend to others.
Marc Vella Bonanno,
MVB Financial Consultancy
- The course was extremely well scheduled and informative. Additionally, the lecturers were extremely knowledgeable, professional and well prepared. Looking forward to attend more courses.
A. Cachia
February 2021
- Very interesting and well structured course which touches base with all aspects of AML/FT compliance. Lecturers are experts in their own field and know how to present the material, making it very interactive with room for debate. Admin staff very helpful, ready to go out of their way to assist you!
M. Muscat, August 2020
- I would like to thank LEAD for their expertise in delivery of courses. I highly recommend you!
J.B Pace, August 2020
- During this course I had the opportunity to gain more knowledge about the policies and procedures of money laundering. Also, I found this certificate useful because it was related to my job as well. Prior to this course there were some areas that I did not know much about and due to this course I was able to to enhance my knowledge on these particular areas especially when it comes to the different directives, penalties, and much more.
C. Farrugia, February 2020
- The course I attended was extremely informative. Lecturers gave clear and detailed sessions, Which led to the final Q&A session and assessment. Every session was accompanied by slides and examples of real-life situations were given to explain the subject person’s obligations and responsibilities. Overall, sessions were interesting, enjoyable and open for discussion. I highly recommend these courses and training sessions.
A. Fenech, February 2020
- The course combines the general approach towards the concept and the characteristics of the money laundering with a thorough and encompassing analysis of the Maltese and international regulations. The lecturers are very professional and efficient in providing the information and, most importantly, in facilitating the student to think independently and to build a critical thinking. Apart from the theory, the course abounds in case studies and concrete examples, which help the student comprehend the applicability of the AML rules in real-life situations.
I strongly recommend this course and consider it a good opportunity to learn about the AML legal rules and obligations, as well as to understand the role and importance of the public authorities, company’s management and the MLRO in preventing and fighting money laundering.
D. Botnari, July 2019
- It was a very interesting course with great and very helpful lecturers. Will definitely recommend this course or any other courses as even the service offered by LEAD staff was great. Thank you for having this course and giving me the opportunity to learn more on the subject.
M. Camilleri, April 2019
- The lecturers were great, so knowledgeable in the subject and with the right expertise how to pass the information on to the students. It was a pleasure to undertake this course, which i fully recommend!
R. Calleja, October 2018
- Very interesting course. Lectures have a good experience in the subject and we could learn a lot from them. Lead Training Services staff are also very helpful and organised. Will definitely attend other courses at Lead Training Services.
A. Massa, October 2018
- A well organised course with professional tutors in their field, held in a pleasant and central location with ample parking. Looking forward to the next.
P. Xuereb, October 2017
Course Funding Options
For Individuals
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GET QUALIFIED SCHEME
Candidates can benefit from a 70% rebate of the course fee via tax credit. Get Qualified is an initiative that supports the personal development of individuals for the achievement of qualifications and certifications required by industry.
Learn more about this scheme »
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TRAINING PAYS SCHEME (TPS)
Eligible candidates satisyfing a list of criteria can benefit from a 75% rebate on direct training cost.
Learn more about this scheme »