ECTS credits: 1
Trainer: Dr Stefan-John Berry

Learning Outcomes:

At the end of the module/unit the learner will be able to:

• Advise on the purpose of regulations within financial services
• Carry out the duties that are required by a Money Laundering Reporting Officer
• Prepare Company’s Policies that are required by regulations
• Gain awareness of the purpose of the regulations and protections for savers and investors
• Gain a general understanding of the regulatory framework for the various sectors within financial services
• Gain a general understanding of the financial services regulations and European Union and the role of new players such as ESMA, EIOPA and the European Banking Regulator
• Understand the role of the Money Laundering Reporting Officer vis-à-vis the role of the Compliance Officer
• Apply the financial services requirements as part of his/her company’s policies
• Assess the roles of different players and regulators and identify the role of his/her Company within such sphere
• Prepare Company’s policies addressing the functions of regulators and different roles the various players in financial services
  • The evolution of European integration
  • The European Treaties
  • European Institutions
  • European System of Financial Supervision
  • Post-Lisbon supervisory and legislative framework
  • EU Capital Markets Union
  • EU Common Market
  • Evolving Financial Services
  • EU Consumer Protection
  • An Intro to the Digital Single Market

ECTS credits: 1
Trainer: Dr Rakele Cini

Learning Outcomes:

At the end of the module/unit the learner will be able to:

• Advise on high level regulations
• Prepare policies and procedures on anti-money laundering and financial markets abuse
• Identify scenarios of conflicts of interest and manage such situations effectively
• Understanding of the financial markets abuse requirements
• Appreciate the importance of the management of conflicts of interest and prepare policies and procedures in this respect
• Appreciate the requirements for ‘fitness and properness’ of key individuals and the process by the MFSA in terms of regulations
• Appreciate the importance of promoting a good compliance culture and the methodologies for achieving this objective
• Prepare policies and procedures as required in terms of the anti-money laundering and counter funding of terrorism regulations and financial markets abuse
• Apply proper compliance as the integral part of the Company’s culture
  • The Local Set-up
  • Company Law and Registry of Companies
  • Role of Directors
  • Role of Company Secretary
  • The MLRO
  • MFSA Codes of Conduct

ECTS credits: 1
Trainer: Dr Stefan-John Berry

Learning Outcomes:

At the end of the module/unit the learner would have gained a general understanding of the purpose of the following legislations and applicable regulations:

• Investment Services Act and Investment Services
• Banking Act and the role of the European Banking Regulator
• Financial Institutions Act and applicable regulations
• Investor and Depositor Compensation Schemes and applicable regulations
• Insurance Intermediaries Act and Insurance Intermediaries Rules
• Insurance Business Act and Insurance Rules
  • MFSA Rules
• An Intro on FinTech
• Understand anti-money laundering and counter funding of terrorism requirements in terms of the local requirements
  • New AML/CFT Regulations
  • Regulations on the UBO registers
  • 4AMLD and subsequent Developments
  • Terrorism and Terrorist Financing

At the end of the module the learner will also be able to:

• Prepare policies and procedures as required in terms of different regulations
• Manage compliance risk in line with financial services regulations
• Assess the level of applicability of regulations in line with the functions performance and licenses of the Company

ECTS credits: 1
Trainer: James Grech, Dr Rakele Cini

Learning Outcomes:

At the end of the module/unit the learner will be able to:

• Advise on the role of the compliance officer as part of the internal governance;
• Carry out the duties that are required for a compliance officer in financial services and in line with the expectations of the MFSA
• Understand the importance of good corporate governance and the role of the directors in particular non-executive directives and executive directors
• Gain awareness of the internal governance system and the role of the internal auditor, risk officer and the compliance officer as part of this system
• Understand the compliance officer’s roles and responsibilities
• Describe the methodologies for managing and mitigating compliance risk
• Understand what is meant by hand-on compliance tasks
• Apply the knowledge gained in the module as part of his/her day-to-day compliance functions
• Implement effective compliance duties
• Manage compliance risk
  • Compliance Officer
  • Risk Officer
  • Internal Auditor
  • Financial Controller

James Grech graduated with a Bachelor of Business and Commerce Degree in 2001 and later on obtained the Accountancy (Honours) degree from the University of Malta in 2003. James is Certified Public Accountant and holds a Practising Certificate in Auditing issued by the Ministry of Finance in Malta. He is also qualified as Certified Information Systems Auditor (CISA) and member of ISACA. James is also a member of the Institute of Internal Auditing (US), and is a Certified Internal Auditor (CIA). The CIA is the only internationally accepted certification designation for internal auditors and is the standard by which individuals demonstrate their competence and professionalism in the internal auditing and Management Consultancy field.

James is a renowned Business Consultant and Management/Business trainer and conference speaker in Malta and is also founder and Managing Director of LEAD Training Services, one of Malta’s largest professional training Institute licensed by the Malta National Commission for Further and Higher Education (NCFHE).

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.

By profession, Stefan is a lawyer with a specialisation in EU Commercial Law and over 15 years’ experience in the financial services industry. He commenced his professional career at PricewaterhouseCoopers (PWC) and later joined Lombard Bank Malta plc, a well-established and highly reputable local retail credit institution, where he helped set upand consolidate the Compliance, Risk Management and MLRO functions. He then moved on to Middlesea Insurance plc (part of the MAPFRE Group, Spain), where he has provided Compliance and Company Secretarial services to Maltese insurance and reinsurance companies that passport their products in the European Union. Thereafter, Stefan served as Company Secretary, in-house Legal Counsel, Compliance Officer and MLRO with a number of MFSA-licenced institutions, authorised to passport their products and services to other EU Member States. Stefan is currently very involved in providing advisory services on Internal Controls for FinServ and FinTech licenced entities.