Active Group establishes office in Malta

The regulatory responsibilities imposed upon financial services' licensed entities are both complex and challenging. Within this environment there is a need for independent internal audit controls and specialist service providers for compliance, risk management and anti-money laundering implementation procedures which are fundamental to the business process.

This represents a major challenge for an emerging financial services centre such as Malta, especially where most exisiting licence holders comprise small, cost sensitive, operating units focused primarily upon business development and/or administration.

A practical and cost effective solution would be to outsource the above requirements to a specialist service provider such as Active Malta, supported by the wider Active Group offices of Guernsey, Jersey, Isle of Man and Cayman Active Malta offers practical, pro-active and forward-thinking compliance support within the financial services business sector, by offering considered advice on a clients' compliance and risk requirements both at the pre-licensing stage and in their ongoing regulatory obligations.

The Active Group has appointed Claire Gauci to spearhead the development of its business in Malta. Claire draws upon an extensive career within banking and finance: she started her career with the Banking and Regulation and Compliance Section of the Central Bank of Malta and later moved to the Banking Unit of the Malta Financial Services Authority. Claire has since worked with Global Capital plc, a publically listed company in Malta and FXDD Malta. During her employment she has occupied the role of compliance officer and money laundering reporting officer for the various licensed entities in insurance, insurance intermediaries, investments, and fund management.

"Malta represents Active Group's commitment to establishing regulatory and compliance support services within key international financial jurisdictions" according to Wayne Bulpitt, founder of Active Group, adding "We are delighted to have Claire join our team of professionals; our research, advisory and implementation procedures will assist potential and existing license holders to integrate compliance and risk management as a core element within their respective strategies."

Claire added,

"Having observed the phenomenal growth of the finance industry in Malta, the opening of Active Malta seemed a natural step, given the breadth of experience that the Active Group has acquired by supporting similar businesses within so many international offshore jurisdictions. I am thrilled to be managing the development of Active Malta"

Active Malta's offices are located at 33, Regent House, Bisazza Street, Sliema. For further details on services provided by Active Malta, kindly contact Claire Gauci on 20106167 or 99857158.