Blog/AML Training Malta

AML Training Malta

20/04/2018

Money Laundering is one of the most scrutinised financial issues in the EU, and it is essential that all AiF managers be complient, and up-to-date.

 

The Anti-Money Laundering Directive is a key feature of the AiFMD and has brought about some very new and very sweeping changes to how AiF businesses must act and apply due diligence. The Directive requires frequent reviews, benchmarking, and specific internal practices are instituted to minimise the risk of Money Laundering.

Active Offshore’s compliance packages include AML training, to help you ensure your essential staff are prepared to keep your business in compliance.

Why do I require AML Training?

When you’re working with a specialist like Active Offshore, you may wonder why your staff requires to be trained in maintaining compliance. The truth is that money laundering is a crime that can occur at any time and having key staff trained and up-to-date on compliance issues will help protect fraud from developing.

What do AML training sessions cover?

When it comes to money laundering, businesses are obligated to protect themselves against both obvious, and more indirect risks. These risks cover anything, from over-confidence in the business, to improper vetting procedures to poor internal financial controls. A business’s culture can influence how risks are recognised and dealt with, and an open business that provides training to their key staff is far less likely to become involved with money laundering – either internally or externally.

Active Offshore provides training to AiF professionals and their staff to ensure they completely meet compliance standards. This includes all aspects of adhering to the AML Directive, including:

  • Customer Due Diligence
  • Record-Keeping Procedures
  • Internal Reporting procedures
  • Policies and Procedures for Internal Control
  • Policies and Procedures for Risk Assessment and Risk Management
  • Policies and Procedures for Compliance Management and Communication.

On-boarding AML training and continual refresher training helps you to address and minimise your corporate risk effectively. At Active Offshore, our business is compliance – and our training will ensure you’re kept in compliance, and up-to-date with the most current standards and methods.

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HAVE MERGED FROM JULY 2018

Active Group and Optimus Group, two leading corporate governance and regulatory compliance service providers have merged to provide an enhanced and more extensive service to clients. This brings together the two most experienced corporate governance, risk management and compliance service companies in Guernsey.

Details of the new name and web site will follow but in the meantime please access either website for information.