Welcome to Aspida

Established in Malta in 2011, Aspida Advisory Services offers robust yet innovative solutions to support growth, whilst helping to manage risk.

Local knowledge is combined with global financial expertise.

Our Services

Our Compliance, Risk Management and Assurance services are built around highly qualified and skilled staff providing multi-jurisdictional support tailored to fit your needs.

As a recognised leader in the Compliance, Risk Management and Assurance space, we also bring you the most up-to-date processes and procedures used within the financial services world.

Aspida’s long standing expertise and experience in this field is accompanied by a drive to be at the cutting edge of Compliance, Risk Management and Risk Assurance solutions.

You’ll find a wide range of services designed to help businesses comply and manage risk in the now, combined with innovative solutions designed to help mitigate and manage future risks (and the unexpected, such as Cyber Risk and global pandemics).

This means our clients can rely on one trusted provider for all their risk management, assurance and compliance needs.

We are able to provide a comprehensive compliance support service including;

  • Nominating a Compliance Officer
  • Health Checks (on-site and remote)
  • Provision of a regulatory calendar
  • Compliance monitoring programme
  • Drafting afresh or carrying out a gap analysis of existing policies and procedures
  • Consultancy
  • Acting as liaison with Regulatory Bodies

We can help you to tackle a broad range of regulatory challenges, including pre- and post- regulatory inspection reviews, regulatory health checks, and structuring reviews. We also carry out regulatory due diligence or vendor assistance, in which our specialists work alongside clients and their lead advisers throughout the transaction process to help ensure that all issues are understood and appropriately addressed.

Developing a clear and effective risk and controls operating model relies on understanding the importance of keeping pace with regulatory change and ensuring your risk mitigation safeguards, practices and process always remain fit for purpose. However, developing a risk and controls operating model that works for and supports the needs of your entire organisation is a complex task.

We can provide services on:

  • Drafting afresh or carrying out a gap analysis of existing policies and procedures
  • Health Checks ( on-site and remote)
  • Drafting afresh or carrying out a gap analysis of existing business risk assessment and customer risk assessments
  • Training
  • Support to the MLRO

Cybersecurity and privacy - As companies pivot more toward digital business models, ever more data is generated and shared within and across organisations, partners and customers.

This profusion of data has become the lifeblood of today’s interconnected business ecosystem and is increasingly valuable to organisations – and to skilled threat actors. Accelerating digitisation can also expose your business to new and growing vulnerabilities, making an effective approach to cyber security and privacy more important than ever.

Businesses can’t avoid cyber risk. Instead they need to proactively measure and mitigate those risks, so they have clarity on the decisions that matter. This requires a structured approach that defines the risk management and control frameworks underpinning your operational and cyber risk appetite. By using these frameworks to continually assess cyber risks and regulatory compliance, you can confidently adapt to new challenges and opportunities.

We provide a range of services to help you develop and implement a cyber risk strategy that reflects the evolving cybersecurity threat landscape and aligns with your strategic goals.

  • Gap analysis of policies and procedures
  • Consultancy
  • Assistance with completing the Cross-Sectoral Self-Assessment Questionnaire on ICT and Cybersecurity Risks

An organisation’s control environment should be seen as being among the most important aspects of any successful risk assurance strategy. Companies must develop strong safeguards that limit their exposure to risk, while simultaneously ensuring operational efficiency and delivering confidence to key stakeholders.

Development of an in-depth understanding of the flow of data within your business, individual responsibilities in the management of risk and how your activities align to a wider appetite for risk and your long-term goals is integral to lasting corporate success and ensuring ongoing regulatory compliance.

What good looks like – Workable methodologies that drive practical solutions for your organisation, striking the right balance between controls and efficiency to enhance performance.

Services we offer:

  • CSP Risk officer appointment
  • Assistance to the nominated Risk Officer for CSPs

Traditionally, governance and compliance may have been seen as a bureaucratic framework or a series of controls. We take a different approach, seeing governance as the conduit for an organisation’s strategic development, leadership and culture. Sound governance underpins the effective decision-making that is the lifeblood of a modern, agile organisation.

We can help you to establish and maintain effective governance, compliance and controls, be this through Board appointed reviews or ongoing assistance with internal audit, project assurance or compliance testing.

Aspida, meaning; Shield (Greek - ασπίδα)

noun – a person or thing providing protection.

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On 31 December 2021, the FIAU found that Southern Cross SICAV plc (‘the Company’), a collective investment scheme offered to professional investors, to be in gross breach of its AML/CFT obligations. The imposition of the administrative penalty was justified on breaches of the Prevention of Money Laundering and Funding of Terrorism Regulations (‘PMLFTR’) and related FIAU Implementing Procedures (‘IPs’) as follows:-

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Demystifying the ICT Questionnaire

Following the publication by the Malta Financial Services Authority ( ‘MFSA’) in December 2020 of its Guidance on Technology Arrangements, ICT and Security Management, and Outsourcing Arrangements (the ‘MFSA ICT Guidance’), and the issuance of a number of related circulars (the ‘ICT Circulars’), more recently, the MFSA sent to all Maltese regulated firms a questionnaire (the ‘ICT Questionnaire).

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Are you worried about the MFSA’s new ICT Guidance?

Is your business compliant and are your policies in line with the new MFSA ICT guidance? We can help you.

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Contact us

With Aspida, you can tap into a world of expertise.  We’re a one stop advisor for businesses not only looking to establish in Malta, Guernsey, Jersey and Isle of Man, but also a number of other offshore jurisdictions worldwide.

Your partner in protecting and growing your business

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Our Services

We are able to provide a comprehensive compliance support service including;

 

  • Nominating a Compliance Officer
  • Health Checks (on-site and remote)
  • Regulatory calendar
  • Compliance monitoring programme
  • Policies and procedures
  • Consultancy

  • Policies and Procedures
  • Health Checks ( on-site and remote)
  • Business Risk Assessment and Customer Risk Assessment
  • Training
  • Support to the MLRO

  • Gap analysis of policies and procedures
  • Consultancy
  • Assistance with completing the ICT Questionnaire

  • CSP Risk officer appointment
  • Assistance to the nominated Risk Officer for CSPs

We can provide consultancy services to the Board.