Head of Financial Crime Compliance and Group Money Laundering Reporting Officer at APS Bank, Cynthia Borg, was one of the speakers at ‘The Prevention of Money Laundering & Financial Crime 2022 – A Virtual Conference’.
The online event was organised by the Society Education over two half-day sessions on Tuesday 17th May and Friday 20th May 2022, featuring a number of experts in the field. The Society Education aims to provide a vast array of business-related professional education to numerous individual participants and organisations coming from almost all sectors of the Maltese economy.
Ms Borg’s presentation was entitled: ‘The Dilemma – Is it Knowledge, Suspicion, Speculation or Simple Paranoia?’.
This session addressed the difference between these terms; to what extent should the MLRO investigate; what are the potential red flags, which should trigger the escalation of an internal report to the authorities; what are the common pitfalls, which should be avoided when filing a suspicious report, and what happens after.
More information about the conference is available on the Society Education website.
Ms Borg has headed the financial crime compliance unit within APS for almost three years, having first been appointed in October 2019.
Prior to this, she was Head of Compliance at Malta-based Diligex, spent two and a half years as Head of Compliance at MeDirect Bank Malta plc, and before this she was engaged with HSBC for 26 years working in various compliance roles.
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