THE CLIENT NCMB Consulting assists local and international clients which use Malta as a base for their commercial activity. The company offers best-in-class tailor-made service to their clients in a…
The Cost of AML
The Cost of AML is a palpable concern for Financial Institutions, as the recent case of an Online gambling provider in the UK shows. Hit with a record fine of…
10 Challenges for the AML Process
There are a number of challenges faced by companies and those responsible for anti-money laundering measures which can be solved using the right technology. Such technology should provide, at the…
How technology can help you manage AML-CFT risk and compliance
The requirements placed on firms exposed to anti-money laundering obligations can be grouped into five main areas. Technology can help in each of these areas to ensure that you are…
Organising your data as part of your AML-CFT Management
As expected, the launch of the new FIAU Implementing Procedures, retained section 9.5.2 (see below) that was introduced in the original consultation document. 9.5.2 Organisation and Categorisation of Records To…
Increasing Challenges for the MLRO
The introduction of the new Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) has undoubtedly presented the MLRO with a number of new challenges, which unfortunately are very…
Risk Based Approach – the new mandatory concept to manage your AML risks
The consultation document issued by the FIAU to propose the new Prevention of Money Laundering and Funding of Terrorism Regulations (better known as the PMLFTR) has been published on 6th July…