GANADO Advocates, in collaboration with Duff & Phelps, organised a series of workshops on Financial Crime. These workshops, held on the 24th and 25th of February, focused on the asset management, payments and insurance sectors.
Each workshop was attended by a number of MLROs, Compliance Officers and Directors working in these sectors.
Mario Zerafa, a Senior Associate within GANADO Advocates’ Investment Services and Funds Team highlighted the key themes which operators must take into account when establishing their anti-financial crime framework. An analysis of the legal considerations relating to anti-money laundering and counter terrorist financing, sanctions screening, anti-bribery and corruption and whistleblowing was also provided.
Representatives from Duff & Phelps expanded on the manner in which an anti-financial crime framework needs to be implemented through proper governance arrangements, risk assessments, due diligence, monitoring & surveillance, training & awareness and policies & procedures.
André Zerafa, Partner within the Investment Services and Funds team; Leonard Bonello, Partner within the Banking and Finance team, and Tanya Causon, a Senior Manager within the Insurance and Pensions team, all at GANADO Advocates, moderated a panel discussion in each workshop by analysing key financial crime aspects and the challenges which operators face. The panel discussion brought together experienced local and international professionals.