M26065 – Re-balancing the AML scales: AMLR, AMLA, and the EU direction on AML (Online)
Registration Time: 09:00
Session Time: 09:15 – 12:30 including a 15-minute break
Speaker: Dr Gianluca Busuttil
Venue: Online Webinar
Participation Fees
MIA Members: €40.00 | Non-MIA Members: €75.00 | Retired Members: €20.00 | Students: €30.00
Group bookings for 3 or more participants available.
Background Information
This session focuses on the incoming wave of AML/CFT regulation and its likely impact on the Maltese framework, including the impact on Malta’s competitiveness as a jurisdiction and a possible re-balancing leading to an equal regulatory burden across all Member States.
Topics Covered
– Strengths and weaknesses of Malta’s AML framework today
– An introduction to the AMLR and the AMLA (Anti-Money Laundering Authority)
– An introduction to the Single AML Rulebook
– Changes to compliance obligations
– The AMLA supervision model
Target Audience: Compliance officers, MLROs, legal and regulatory professionals, CFOs, auditors, business leaders and decision-makers.
Speaker: Gianluca Busuttil, senior associate within Deloitte Legal.
CPE Competencies
3 Core
Read more
The upcoming session on the evolving EU anti‑money laundering landscape, scheduled for 23 July, provides timely insight into a regulatory framework undergoing significant transformation at EU level. As highlighted in this CPE session, recent developments, most notably the introduction of the Anti‑Money Laundering Regulation (AMLR) and the establishment of the Anti‑Money Laundering Authority (AMLA), are expected to fundamentally reshape the way AML obligations are designed, implemented and supervised across the European Union.
These developments form part of a broader shift away from a fragmented, directive‑based system towards a more harmonised regulatory framework. Historically, AML requirements across the EU have relied heavily on national transposition, resulting in variations in interpretation and application. The introduction of AMLR marks a decisive move towards a single rulebook, with directly applicable provisions that will apply uniformly across all Member States. This transition is expected to enhance consistency and create a more level playing field for businesses operating across borders.
Complementing this shift is the establishment of AMLA, the EU’s new supervisory authority for anti‑money laundering and countering the financing of terrorism. AMLA is designed to strengthen coordination between national authorities and promote the consistent application of AML rules, while also playing a direct supervisory role over selected entities. Together, AMLR and AMLA signal a move towards a more centralised and integrated supervisory model, aimed at addressing the limitations of the current framework and responding more effectively to cross‑border financial crime risks.
From a Maltese perspective, these developments carry important implications. The session will explore how the evolving EU framework may influence Malta’s positioning as a jurisdiction, particularly in terms of competitiveness and regulatory alignment. The move towards harmonisation may lead to a re‑balancing of regulatory burdens across Member States, reducing the scope for divergence and reshaping how jurisdictions differentiate themselves within the European financial landscape.
At the same time, the introduction of a single rulebook and enhanced supervision is expected to bring changes to compliance obligations. While greater harmonisation may simplify certain aspects of cross‑border operations, it will also require firms to adapt to a more structured and consistent set of expectations.
In this evolving environment, the need for practitioners to stay ahead of regulatory change has never been more important. The pace and scope of the reforms underline the importance of adopting a forward‑looking approach, not only in terms of technical compliance but also in understanding the broader regulatory direction of travel.
Ultimately, the emerging EU AML architecture reflects a shift towards greater consistency, transparency and accountability. For professionals operating within Malta and across the EU, these developments represent both a challenge and an opportunity, reinforcing the importance of a proactive and informed approach to an even more complex regulatory landscape.
Register: https://members.miamalta.org/event-6648714/Registration
Event page: https://members.miamalta.org/event-6648714