Registration Time:09:15
Sessions Time: 09:30- 11:30  No Break
Speakers: Mr Alan Craig & Ms Alicia Vella & Sarah Attard Cassar
Venue:   Online Webinar

Participation Fees 
MIA Members: €28

Non-MIA Members: €50.00

Retired Members: €15.00

Students: €20.00

*Group bookings for 3 or more participants available.

BACKGROUND INFORMATION

The 2023 National Risk Assessment (NRA) outlines the methodology and conclusions of the risk environment, providing a comprehensive sector-by-sector analysis. It is essential for financial professionals to understand the NRA's main findings, which include sector-specific risks including auditors, accountants, tax advisors, CSPs, and more. Subject persons are required to integrate the results of the NRA within their AML control framework.
A Customer Risk Assessment (CRA) is a tool used to evaluate the risk level of customers to prevent financial crimes. Being a critical component of the customer due diligence measures at onboarding and thereafter, it is at the core of every risk-based AML control framework.
The integration of the NRA's results into the CRA process is crucial. It ensures that the CRA reflects the latest risk assessments and regulatory expectations. This alignment helps in identifying local red flags, refining risk ratings, and enhancing the overall risk management framework.
During the webinar we will explore these components and learn how to effectively integrate the NRA's findings into your CRA practices for better compliance and risk management.

SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

The webinar will amongst other things delve into and explore the following areas:

1.        The CRA and its importance in an effective control framework
2.        The NRA focusing on the findings for relevant sectorial and other instruments
3.        Benefits and requirements for updating the CRA with NRA findings
4.        Methodology and approach to update CRA
5.        Practical examples on how to update your CRA
6.        Good practices to be adopted

Why is the session of relevance to our members?

Target Audience

The following persons will likely benefit from understanding how to align customer risk assessment with the 2023 NRA, ensuring they comply with the latest regulations and effectively manage risks associated with their clientele:

1.    Accountants, auditors and tax advisors
2.     MLROs and designated employees
3.     Compliance officers
4.     Risk management professionals
5.     Internal auditors
6.     Financial Services Professionals
7.     Regulatory Bodies and Government Officials
8.     Partners, directors and other persons responsible for governance
9.     Business consultants and legal advisors
10.  Students

Speakers' Profiles

Alan Craig heads the Business Advisory Department at Forvis Mazars and has been in practice for over 25 years. He has extensive experience in the field of anti-money laundering having assisted and advised both private entities and competent authorities. Alan is presently the deputy chairperson of the AML Committee of the MIA.

Alicia Vella is a director within the advisory department at Forvis Mazars where she currently heads the Risk Advisory team who provide tailored risk, governance and internal control solutions. Alicia has extensive experience in anti-money laundering through her involvement in a number of AML engagements. Alicia is a Certified Internal Auditor, a certified AML specialist, a CPA and a member of the Malta Institute of Accountants.

EVeNT CPE COMPETENCies

2 Core

WEBINARS TERMS AND CONDITIONS

Terms and conditions  apply

DISCLAIMER

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Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.