Tuesday, 21st January 2020

The Xara Lodge, Rabat

This event has already passed and registrations are closed.


Financial crime - money laundering and terrorist financing in particular - has over the past ten years, been an area of consistent focus for regulators, governments and enforcement agencies globally.

This is because the ways in which money laundering and terrorist financing take place have changed, becoming more and more sophisticated over the years.

The level of scrutiny exhibited by the regulatory authorities means that institutions have better understood how criminals have exploited, and continue to exploit, both their structures and those of participants in the financial sector to launder proceeds of crimes and fund illicit activities.

Malta, like many other jurisdictions, is well aware of the need to evolve, to look at the structures and processes we have in place and to consider whether we, collectively, are really ‘doing the best job’ we can at protecting the system from flows of illicit money. The answer is, of course, that there is room for improvement - not just in Malta, but globally. Financial crime is, after all, a global phenomenon and weaknesses in the system as a whole are what allow it to happen.

In this vein, and as part of its ongoing commitment to assisting Maltese entities as they endeavour to protect themselves from being used as vehicles for financial crime, the MFSA will be holding a half-day refresher session to which all MLROs, Nominated Persons, Senior Compliance Officers and other interested executives of Credit Institutions & Financial Institutions are strongly encouraged to attend.

The session will comprise the following modules:

  • What is Financial Crime?
  • How is Financial Crime manifesting itself in Malta now and what is on the risk horizon?
  • The Financial Crime risk mitigation expectations of the MFSA in relation to entities operating in Malta
  • What is the MFSA approach to Financial Crime related inspections?

The session will allow ample opportunity for any specific questions that need to be addressed.


1400hrs Registration and coffee
1430hrs Welcome address 
1440hrs What is Financial Crime? 
1510hrs How is Financial Crime manifesting itself in Malta now and what is on the risk horizon?
1540hrs Coffee Break 
1600hrs Financial Crime Risk Mitigation: MFSA’s Expectations 
1630hrs What is the MFSA approach to Financial Crime related inspections?
1700hrs Q&A and Closing Remarks


Chief Officer Supervision

Marianne Scicluna

Marianne Scicluna was appointed as Chief Officer Supervision in August 2014. In this role, Marianne is responsible for the co-ordination of the supervisory and regulatory strategy across all the sectors under the remit of the MFSA. She is a member of the Executive Committee of the MFSA – the organ within the MFSA responsible for the implementation of the strategy and policies of the Authority. Ms Scicluna sits on various committees established jointly with other organisations, including the Central Bank of Malta and the Boards of Supervisors of the European Supervisory Authorities. Gaining experience in the management consultancy sector throughout her career, she first joined the MFSA in 1995. Prior to her position as Chief Officer Supervision, she held a number of senior posts within the institution, namely with Securities and Markets Supervision and with Pensions Supervision, and headed the Authorisations function.

Senior Managing Director, FTI Consulting

Federica Taccogna

Having held senior compliance roles in the financial services now supports a broad range of financial services institutions and regulators globally advising on; investigating and remediating regulatory and financial crime matters and governance and control concerns including conflicts of interest; pricing and sales practices; governance structures, control frameworks, product and client governance and remuneration arrangements. At FTI, she leads a team that performs investigations on behalf of regulators and assists financial services organisations achieve compliance.

Managing Director, FTI Consulting

Thea Utoft

Prior to joining FTI Thea was the Financial Services Counsellor for the Danish Permanent Representation to the European Union. As part of this role, she led Council negotiations at the attaché level at the Economic and Financial Affairs Council (ECOFIN) on financial services files. Before this, she was a Special Advisor on EU affairs to the Danish financial regulator, DKFSA, and represented Denmark’s interests in the negotiation of several financial services files at the European Council and have experienced the EU legislative and policy process from within as a seconded Policy Officer at the European Commission.

Senior Managing Director, FTI Consulting

Nigel Webb

Having held senior roles as the COO of Garban Intercapital and Head of Risk and Operations for the EMEA Alternative Investments Business of JP Morgan, now leads the EMEA Financial Services practice of FTI. His 30-year career has encompassed both consulting and business roles across a very broad range of the banking world. At FTI, he regularly provides support to a wide range of financial services clients in preparation for regulatory visits and during or in response to Skilled Person’s reviews on the topic of AML and financial crime, coaching and advising senior managers and board members.

Book Now

This event has already passed and registrations are closed.