AML & CTF - Malta

In 2004, Malta became the first EU member state to enact comprehensive legislation on online (remote) gambling. In the last decade, the country has been developing a complete regulatory framework for the online gambling industry. The introduction of the robust legislation, and other regulatory frameworks, has made Malta the hub for online gambling.

Our course highlights a key area of compliance, Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF), in the gambling industry and covers the background and consequences of AML/CTF, including details of the laws and regulations in relation to these areas and businesses’ systems and controls that are used to prevent and detect financial crime.

By the end of this course you will be able to:

Understand the consequences of involvement in money laundering and terrorist financing, for both our business and yourself
 

Explain the key elements of the Maltese anti-money laundering and counter-terrorist financing laws and regulations.
 

State the main Maltese money laundering and terrorist financing offences
 

Describe systems and controls designed to manage the risks related to these activities
 

Apply the law to business scenarios

 

Understand your personal liability
 

Level
Advanced

Duration
50 minutes

Customisable
course

Course Outline

  • Introduction
  • Key Concepts
  • Consequences
  • Law and Regulation
  • Your Responsibilities
  • Customer Due Diligence
  • Risk-Based Approach
  • Reporting Suspicions
  • Financial Sanctions
  • Policies and Procedures
  • Conclusion
  • Test Your Understanding

"We have partnered with VIXIO to provide eLearning as part of our wider internal training programme to maintain our high AML standards. This allows us to reinforce our culture of compliance and not only meet, but exceed AML obligations. The courses are graded so the level of training can be provided on a risk basis, depending on the role."
Money Laundering Reporting Officer, Online Casino