Course: Effective Management of ML risks for CSPs

Course: Effective Management of ML risks for CSPs

Our AML Compliance Consultant, Dr. Rebecca Busuttil, will be delivering a course at the Malta Stock Exchange Institute about Effective Management of Money Laundering Risks specific to Company Service Providers.


This course is designed to familiarise attendees with red flags and Money Laundering (ML) indicators specific to the CSP sector, as well as the robust measures required to manage ML risks. In today’s world, robust AML controls are not only necessary to safeguard a CSP’s reputation, but also mandated by the Regulator. The course will delve into the nature of AML controls required to be implemented by CSPs. Reference will be made to the FIAU implementing procedures Part 2 specific to the CSP sector, as well as official guidance issued by the FIAU on the subject matter. 


Topics covered

Topics covered include the following:

  • Legal definition of a CSP
  • Sector specific red flags and ML indicators
  • Provision of Directorship Services
  • Purpose and intended nature of a business relationship
  • Establishing the customer risk profile
  • Beneficial Ownership
  • Customer Due Diligence measures
  • The nature and extent of Source of Wealth and Source of Funds
  • Transaction Monitoring