Announcements

Announcement 01 - Welcome

Academy Documents

Please access the Students' Policies & Forms through this link. The following documents are all available in the link - Student Handbook, Student Code of Conduct,  Students' Privacy Notice, Deferral, Suspension, and Cancellation Policy, Assignment Extension Policy, Re-Sit Policy, Complaints Procedure Policy, Equality Policy and Student Disciplinary Policy

Online Sessions Link

To connect to the online sessions of this study programme please click on this link. You will be asked to register your attendance if you are not already signed in into your Zoom account. You will also be asked for the password which is below.

Meeting ID: 975 5956 3277
Passcode: 863886

Make sure that you show with your name & surname as you have been registered for the study programme. This is very important for attendance purposes.

Lecture Schedule & Notes

Lecture notes will be available during the week following the respective lecture. Schedule dates are indicative and may change. All changes, if any, may be communicated via email, SMS or telephone calls.

LectureDateTimePresentationNotes (If Any)Session Recording
Lecture 012 November 202209:00 to 11:30hrsPresentation 01Request
Lecture 0211 November 202209:00 to 11:30hrsPresentation 02Request
Lecture 0316 November 202209:00 to 11:30hrsPresentation 03Request
Lecture 0423 November 202209:00 to 11:30hrsPresentation 04Request
Lecture 051 December 202209:00 to 11:30hrsPresentation 05Request
Lecture 067 December 202209:00 to 11:30hrsPresentation 06Request
Lecture 0715 December 202209:00 to 11:30hrsPresentation 07Request
Lecture 0821 December 202209:00 to 11:30hrsPresentation 08Request
Presentations13 January 202309:00 to 11:30hrs

Lecturer/s  

Dr Kyra Borg

Mr Peter Mizzi

Lecture Summaries & Suggested Reading 

Lecture 1 - Introduction to Anti-Money Laundering and Funding of Terrorism and understanding the impact of non- compliance - Mr Peter Mizzi

This lecture will delve into the definition of the offences of money laundering and funding of terrorism from a theoretical perspective. The roles of international and European law-making bodies will also be discussed. Through this lecture, participants should develop a practical understanding of the notions of money laundering and funding of terrorism and articulate a general understanding of the Global/European and articulate an understanding of regulatory requirements and obligations to business management and directors.

Core Reading List

Supplementary Reading List

 

Lecture 2 - Understanding Maltese Legislation on Money Laundering and Funding of Terrorism - Dr Kyra Borg

This lecture will examine Malta’s regime for combatting anti-money laundering and the funding of terrorism through a detailed analysis of the salient features of the Prevention of Money Laundering Act and Prevention of Money Laundering and Funding of Terrorism Regulations. Through this lecture, participants should be able to develop an understanding of the local regulatory requirements relating to money laundering and terrorist financing, identify issues related to these offences, the powers of local authorities such as the FIAU and the Police and the reporting requirements to such authorities.

Core Reading List

Supplementary Reading List

  • Cox, D., (2014). Handbook of Anti-Money Laundering
  • Parkna, T., (2012) Mastering Anti-Money Laundering and Counter Terrorist Financing

 

Lecture 3 - FIAU Implementing Procedures - Mr Peter Mizzi

This lecture will examine the FIAU Implementing Procedures Part I. Through this lecture, participants should be able to develop an understanding of these Implementing Procedures, which Procedures elaborate on the legislative framework examined in the previous two sessions.

Core Reading List

 

Lecture 4 - Conducting customer Due Diligence Part 1 - Dr Kyra Borg

The following topics will be covered in this lecture:

  • Defining Customer Due Diligence (CDD)
  • The value of CDD
  • Identification and Verification – requirements and obligations for each typology of customer
  • Identifying the Customer and Beneficial Owner/s – defining beneficial ownership for each typology of customer

Core Reading List

 

Lecture 5 - Conducting customer Due Diligence Part 2 - Dr Kyra Borg

The following topics will be covered in this lecture:

  • The importance of establishing the purpose and intended nature of the relationship
  • Understanding Source of Wealth and Source of Funds
  • Ongoing Monitoring – Customer reviews, updating CDD and transaction monitoring
  • The importance of Screening – Screening tools and how best to interpret the results
  • Sanctions Screening – Obligations and best practice
  • Timing of CDD measures
  • CDD on a risk-based approach
  • Simplified Due Diligence – When and how
  • Enhanced Due Diligence – When and how
  • Failure to complete CDD – Consequence and repercussions

Core Reading List

 

Lecture 6 - Application of a Risk based approach - Mr Peter Mizzi

This lecture will analyse in detail the requirements around the risk-based approach, including the BRA and CRA requirements and the application of SDD and EDD. Attendees should therefore develop an understanding of the application of a risk-based approach.

Core Reading List

 

Lecture 7 - Politically Exposed Persons and Reliance on Third Parties - Dr Kyra Borg

Politically Exposed Persons (“PEPs”) pose a high risk of ML/FT due to the position they occupy and the influence they exercise. PEPs may abuse of their prominent public functions for private gain, the application of EDD measures is therefore necessary to mitigate the potential risks of ML/FT that arise when a subject person deals with PEPs.

This lecture will firstly delve into the definition of a PEP at law and identify several key factors to consider when determining whether such person qualifies as a PEP. Furthermore, participants will be guided on the required enhanced due diligence measures when dealing with PEPs. The second part of the lecture will focus on relying on third parties for certain CDD measures, as well the outsourcing of aspect of the AML/CFT functions.

Core Reading List

Supplementary Reading List

  • Raymond Choo, K. (2008), "Politically exposed persons (PEPs): risks and mitigation", Journal of Money Laundering Control, Vol. 11 No. 4, pp. 371-387.

 

Lecture 8 - Money Laundering Reporting Officer Obligations and reporting procedures - Mr Peter Mizzi

This lecture will focus on the obligations of the Money Laundering Reporting Officer (“MLRO”) and aims to clearly identify the areas which need to be closely monitored and reported on as part of such officer’s obligations arising out of AML and CFT legislation and regulations. Through this lecture participants should become familiar with the various roles and responsibilities of an MLRO.

Core Reading List

 

Lecture 9 - Presentations Part 1 - Mr Peter Mizzi

 

Lecture 10 - Presentations Part 2 - Mr Peter Mizzi

 

 

Methods of Assessment

1 Assignment 80% of final score

1 Presentation 20% of final score

Assignment

You have to choose 1 out of the 3 questions which are available in the Assignment Submission form below. Assignment should be submitted by not later than Thursday 26 January 2023. The assignment has to be submitted together with the Assignment Submission Form through 21 Academy's plagiarism software turnitin. Please indicate the questions which you have addressed in the Assignment Submission form and upload assignments in pdf format. Do not scan assignment but convert/save it directly to pdf. We ask you to keep the similarity percentage very low and definitely below 20%. You should  review and rephrase any assignments which show more than 20% similarity. Any assignments submitted above 20% similarity will not be scored and considered as failed.

Assignment Submission Form Download

Please read further below in how you are expected to plan, design and submit your assignment and how your assignment will be assessed.

Presentation

You will be asked to design and deliver a presentation. The presentation should be  delivered in 10 minutes. The presentation will be delivered on the 16 January 2023. A copy of your presentation should be submitted through 21 Academy's plagiarism software turnitin by not later than 30 minutes before the start of the lecture on 16 January 2023.

Note that the submitted presentations will be scanned for plagiarism.

Please read further below to understand how you are expected to plan, design, submit and deliver your presentation and how your presentation will be assessed.

 

Assignments

If you need information on how to plan, draft and submit your assignment follow the 21 Academy presentation on Writing and Submitting your Assignment.

We are also making the 21 Academy's Assignments Rubric available for your guidance. This is a performance-based assessment tool. Tutors will use the rubric to assist them to allocate scoring while it allows students to understand what is required in the assignment and how it will be graded.

 

Referencing Style

Your assignments, presentations and reflective noted should be referenced using the Harvard Referencing style. Please follow this video to understand this referencing style.  Harvard Referencing Style.

 

Submitting Assignments - turnitin

The Academy will notify you that assignment questions are available through an email. Through another email sent to you by turnitin (probably on the same day) you will be notified that you have been added to a "class" where you may upload your assignment/s. Assignments should be submitted by not later than 23:59hrs of the assignment submission deadline shown on the Assignment Submission form and/or the "class".

At 21 Academy you can submit more than one draft of your assignment before the submission final deadline. The last version left uploaded at the submission deadline will be considered to be your final submission paper and will be the one which will be assessed. Make sure that your final submission does not go beyond 20% similarity when including direct quotations (the sentences in-between quotes).

Follow this very short video to understand how to submit your assignment through turnitin - submitting a paper

To understand the similarity report generated by turnitin follow this 1 minute video - understanding the similarity report

 

Presentations

We are also making the 21 Academy's Presentations Rubric available for your guidance. This is a performance-based assessment tool. Tutors will use the rubric to assist them to allocate scoring while it allows students to understand what is required in the assignment and how it will be graded.

A copy of the presentation should be submitted to the academy at least the day before it is meant to be presented in-class. Work in the presentation should also be referenced using the Harvard Referencing Style.

 

 

Upcoming related webinars and courses...