Building a human firewall against cyberattacks
Cyberattacks aren’t just getting more frequent, they are also becoming significantly more vicious and sophisticated. Today’s cyberattacks are targeted and subtle, and the stakes are high.
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Discover all the latest published articles covering a wide range of subjects from experts of Mazars in Malta.
Cyber security: practical insights
Malicious hacking attempts are on the rise, with any organisation that maintains databases of customer personal data or client payment information being at particular risk.
Mitigation of malware risks for organisations
As with other paradigms in the field of IT security, ransomware is one of a number of methods chosen by attackers to attain financial gain by capitalising on weaknesses in company policies and infrastructure.
Weak cyber security & reputational risk
Cyber security has long been a major concern for both the private sector and government agencies.
Tackling the source of wealth and funds dilemma
While traditionally subject persons have focused their efforts on the identification and verification of the customer and the underlying beneficial owner/s, less importance has been placed on understanding the Money Laundering and Financing of Terrorism (ML/FT) risk relating to the customer’s business activity, the source of wealth and the source of funds.
An overview of trade-based money laundering
Money launderers are always finding creative ways to launder proceeds of crime without being exposed.
The Anti-Money Laundering (AML) Framework
This article highlights the important components of a subject person’s Anti-Money Laundering (AML) regime and the risk-based approach required to fulfil the regulatory requirements that are outlined in the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR), and the implementing procedures of the Financial Intelligence Analysis Unit (FIAU).
Preparing for AML regulatory visits
A company with a robust AML framework should have nothing to fear from an AML regulatory visit
The role of Internal Audit & the AML Framework
In today’s world of tightening regulations and an evolving risk landscape, companies are facing increased pressure to comply with Anti Money Laundering (AML) regulations to avoid hefty fines, reputational risk, and disruptions to their operations.
Specialist and integrated support for your accounting and finance team
Mazars in Malta is an audit, accountancy, advisory, tax and legal services firm whose services can be leveraged by companies wishing to outsource their accounting and reporting requirements.
Read more25 years of Mazars in Malta – Growing with purpose together
Mazars’ roots in Malta go back to 1998, when Paul Giglio and Anthony Attard started a small firm known as Attard Giglio & Co.
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Testing the Operational Effectiveness of the AML/CFT Framework
The Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) and the Implementing Procedures (IPs) emphasize the importance of monitoring the AML/CFT control framework on an ongoing basis, either through an independent audit function, or by engaging an independent consultant or an internal party who is independent from the operations. This article discusses how such reviews should not only focus on the fulfilment of compliance requirements, but also on identifying control failures.
Read moreMazars in Malta Partner Paul Giglio interview
"Over the years we have seen a radical change in the job market". Paul discusses the firm’s employer branding proposition, and how this is delivering the desired results, especially when it comes to bringing on board young talent at the firm.
The Concealment of Beneficial Ownership
In carrying out their due diligence obligations, subject persons are continuously faced with the obligation to identify and verify the ultimate beneficial owner/s of their customer.
Read moreAn overview of trade-based money laundering
Money launderers are always finding creative ways to launder proceeds of crime without being exposed.
Read more
The Anti-Money Laundering (AML) Framework
This article highlights the important components of a subject person’s Anti-Money Laundering (AML) regime and the risk-based approach required to fulfil the regulatory requirements that are outlined in the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR), and the implementing procedures of the Financial Intelligence Analysis Unit (FIAU).
Read moreTackling the source of wealth and source of funds dilemma
While traditionally subject persons have focused their efforts on the identification and verification of the customer and the underlying beneficial owner/s, less importance has been placed on understanding the Money Laundering and Financing of Terrorism (ML/FT) risk relating to the customer’s business activity, the source of wealth and the source of funds.
Read more
The role of Internal Audit within the AML Framework
In today’s world of tightening regulations and an evolving risk landscape, companies are facing increased pressure to comply with Anti Money Laundering (AML) regulations to avoid hefty fines, reputational risk, and disruptions to their operations.
Read morePreparing for AML regulatory visits
A company with a robust AML framework should have nothing to fear from an AML regulatory visit
