Insight

The Intersection of Technology and Regulation

Technology now plays a crucial role in solving Governance, Risk Management, and Compliance (GRC) challenges by providing tools that can streamline processes, enhance data analysis, and improve decision-making. Here are some ways technology is being used to address GRC problems: Organisations can enhance their GRC management by integrating AI, shaping the future for efficiency and […]

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FATF publishes new guidance document

Michael Calleja | Senior Compliance Services Executive | Malta In March 2024, the FATF published risk-based guidance to support the application of FATF Recommendation 25 on Beneficial Ownership and Transparency of Legal Arrangements. The document highlights the necessity for countries to assess risks associated with legal arrangements and enforce measures to ensure access to accurate

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Mastering Compliance: Navigating Risks & Regulatory Returns with Aspida’s Expertise

Michael Calleja | Senior Compliance Services Executive | Malta As we find ourselves in that pivotal time of year where subject persons traditionally undertake the important task of updating their Business Risk Assessments (BRAs), Customer Risk Assessments (CRAs), and preparing to fill in the Risk Evaluation Questionnaire (REQ) for the Financial Intelligence Analysis Unit (FIAU)

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The Intricacies of Sanctions: A Legal Perspective

Michael Calleja | Senior Compliance Services Executive | Malta Introduction Sanctions serve as a pivotal instrument in the international legal arsenal, utilized by nations and international coalitions to enforce legal standards, safeguard national interests, and promote global security. These measures, ranging from economic embargoes to travel restrictions, aim to compel compliance with international norms, deter

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Navigating Compliance: Insights from the FIAU’s 2021/2022 Enforcement Factsheet

On the 15th of January 2024, the Financial Intelligence Analysis Unit (FIAU) released a pivotal document titled ‘Enforcement Factsheet: A Compilation of Regulatory Actions – 2021/2022’. This publication, available on the FIAU’s website, serves as a comprehensive guide to the enforcement process undertaken by the FIAU in monitoring compliance with Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) obligations by Subject Persons (SPs).

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Demystifying the New MFSA Circular: Key Changes and Compliance Strategies for CSPs

The Malta Financial Services Authority (MFSA), in its continuous endeavour to refine and enhance the regulatory environment, issued a Circular on the 23rd of January 2024. This Circular marks a significant shift in the regulatory framework for Company Service Providers (CSPs), introducing essential changes to the CSP Rulebook with immediate effect.

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Integrating DORA Compliance with Resolver by Aspida: A Strategic Approach for Financial Practitioners

In an era where digital operational resilience is non-negotiable, the European Union’s Digital Operational Resilience Act (DORA) sets a new standard for license holders. This framework is a legislative initiative by the European Union designed to strengthen the digital operational resilience of its financial sector, ensuring that financial institutions can withstand, respond to, and recover from ICT-related disruptions. It sets uniform standards for cybersecurity, risk management, and reporting across all member states, creating a harmonized framework for the digital infrastructure of financial entities.

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Why Graduates should join The Aspida Advisory Trainee Programme

The transition from academia to the professional world is an exciting yet challenging journey for recent graduates. It’s a phase filled with uncertainty, as graduates seek the right opportunity to kickstart their careers and apply the knowledge gained during their academic journey. At Aspida Group, we believe in nurturing young talent and providing them with

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