The Institute of Financial Services Practitioners (IFSP) has announced a new course titled “Risk Management and Compliance: An Introduction to the Theory and Practice” commencing on 1 October 2026. The course is designed for risk and compliance officers working within Corporate Service Providers (CSPs), independent directors, and CSP management. It covers the regulatory framework for CSPs under Maltese law, including the Virtual Financial Assets Act, the Prevention of Money Laundering Act, and FIAU guidance. Participants will gain practical insights into risk assessment methodologies, compliance monitoring, and reporting obligations. The program spans several sessions and includes case studies on recent enforcement actions. Successful completion contributes to continuing professional development (CPD) requirements for licensed professionals.
Key Takeaways
- Targeted at CSP professionals: The curriculum addresses the specific compliance challenges faced by Maltese CSPs, including customer due diligence, beneficial ownership registers, and sanction screening.
- Practical focus: Case studies and interactive workshops enable participants to apply risk-based approaches to real-world scenarios.
- CPD accreditation: The course qualifies for CPD hours required by the Malta Financial Services Authority (MFSA) for licensed individuals.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement