Rakele Cini Addresses AML Seminar

16 July 2019


BDO Malta Risk & Compliance Manager, Dr Rakele Cini, addressed a morning seminar on the 9th July which covered Anti-Money Laundering (AML), Know Your Customer (KYC) and best practices in meeting regulatory compliance requirements.

Dr Cini was delighted to form part of a panel discussion during the seminar and analysed EU initiatives and updates on the Financial Action Task Force (FATF) recommendations on virtual assets service providers. Dr Cini stated: “Malta’s regulatory framework needs to be benchmarked against the June 2019 FATF updates. How are Malta’s VFA Agents and future licensed VFA operators faring?”.

The seminar opened with remarks from Hon. Silvio Schembri, the Parliamentary Secretary for Financial Services, Digital Economy and Innovation who explained the Government’s vision for the next 5 years.

The event included a presentation from Bitfury’s Marina Khaustova with insights regarding the recent FATF developments. This was followed by a regulatory panel comprised of the Malta Financial Services Authority (MFSA), the Malta Gaming Authority (MGA) and the Financial Intelligence Analysis Unit (FIAU), focusing on the Authorities’ priorities over the next twelve months and discussing the main changes being implemented.

The event also featured a session on how to detect money laundering, a panel discussion regarding AML from subject persons’ perspective, a presentation by Fiona Davies, containing insights regarding KYC, CDD, Monitoring and ADD and a session on Machine Learning and AI, led by Alexander Crockford.


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