WH Partners has strengthened its anti-money laundering and countering the funding of terrorism (AML/CFT) practice by bringing on board Rakele Cini as a consultant, a lawyer with many years of experience in AML/CFT, regulatory and compliance advisory.
Rakele primarily advises local & international firms operating within the regulated industries on matters relating to the prevention of money laundering & funding of terrorism, due diligence, risk management, good governance, and other compliance areas.
Rakele is invited to lecture regularly by private institutions and regulatory bodies on these topics. She is an active member of AML Sub-Committee within the Malta Institute of Accountants and the Institute of Financial Services Practitioners.
The need for AML/CFT policies and procedures is at the core of every legal or natural person that carries out relevant financial business, gambling or other activity where AML/CFT compliance is compulsory.
Aligning an organisation's business processes with the relevant AML/CFT laws, regulations and best practices is no easy feat to accomplish. Increased regulatory requirements and enforcement in this area present ever increasing challenges for businesses striving to remain compliant, avoid risks of regulatory exposure and reputational damage.
Our team of experienced specialists is well equipped to provide the necessary advice and assistance in relation to AML/CFT compliance obligations relative to Gaming and Gambling, Financial Services Providers, Virtual Financial Assets and other obliged persons. By providing your organization with a better understanding of AML/CFT legislation, rules and regulations, by assisting in shaping up your relevant policies and procedures and closing any existing regulatory gaps, by supporting you in your client on boarding and ongoing monitoring processes, as well as in reporting and employee training - we will reduce your risks and, therefore, add value and robustness to your business.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.