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.
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
Managing AML risk within the online gaming industry
The 4th AML Directive brought with it a mandatory risk-based approach, whereby subject persons must draw up AML/CFT policies and procedures commensurate to their risk appetite and to the risks that they are exposed to.
Read moreBuilding an effective 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.
Read more
Possible impact of Tax Harmonisation measures in Malta
Whereas the introduction of tax harmonization could be problematic to a country like Malta, it is hard to determine the exact effect and magnitude that the introduction of a system of tax harmonization within the European Union would have on the Maltese economy
Read moreData security and the gaming sector in Malta
Regular testing of existing capabilities and procedures will of course enhance the quality of the protection and its durability over time.
Read more