The increases in the regulatory scrutiny that financial services are facing in Malta in relation to anti-money laundering (AML) and the combating of the financing of terrorism (CFT), have raised several challenges to be faced, especially since when the Maltese islands witnessed a rapid advancement in the online gaming sector.

Fairwinds Management Limited assists clients to become compliant with global regulations by understanding and addressing their AML challenges. This is done by conducting due diligences, monitoring client databases, designing policies and procedures, as well as providing regulatory compliance and investigation services. Such services can be provided to financial services, organisations as well as subject persons operating within the financial industry to reach our objective; to help businesses be fully compliant and continue operating successfully.

Since it is becoming even more important for such bodies to understand the importance of having an anti-money laundering and resilient compliance portfolio in place, entities need to seek guidance from professionals in the field. This will help them implement and maintain AML procedures, while having fraud, embezzlement, and misappropriation investigations in place.

Our team of professionals with proven experience in anti-money laundering, specialize in AML/CFT solutions, and thus, can guide and assist the respective bodies to fulfil all regulatory obligations in terms of AML and CFT, also as requested by the Malta Lotteries and Gaming Authority and the relevant laws.

Specific advice is also given in accordance to the class of licence and the mode of business to assist organisations in carrying out activities in the most efficient and effective way possible. Failure to do so will lead to an organisation’s reputational risk to be at stake.

Our cost-effective, anti-money laundering advisory services will help you understand all imposed requirements and draft the necessary documentation in line with relevant laws as required by the local authorities. Such services include those that are related to Regulatory Compliance:

  • Risk assessment and enterprise risk assessment

These comprehensive risk assessments analyse the impact of events on the organisation’s business objectives while combatting any potential risks in the due diligences processes. A business will evaluate existing processes, and modify and update the risk’s profile where necessary in order to mitigate risk.

  • Compliance program review and design of commercially viable processes

Every business should comply with all relevant laws and regulations. This can be ensured by corporate compliance programmes that build and manage systems that ensure regulatory compliance. As part of this services, businesses will also be provided assistance to design feasible solutions.

  • Anti-bribery and corruption policies

Formulating these policies will help businesses prevent themselves from falling into bribery and corruption acts. This will be achieved thanks to the guidance provided by our trained and qualified team within this sector to form ethical standards of behaviour that are encouraged to be followed and complied to by every individual within the enterprise.

  • On-going monitoring and support of existing client base

Ongoing KYC (Know Your Customer) monitoring has become essential nowadays, particularly to identify customers who are exposed to any risks at any point in time.

  • Internal auditing

Our internal audit staff takes a holistic view of AML & CFT environment and reviews all risks adequately, while keeping abreast with all regulatory expectations in these areas. Such auditing analyses whether AML & CFT models work as intended.

In addition to the above, we also offer:

  • Analytical reporting
  • Jurisdiction risk and consultancy
  • Training and development

At Fairwinds Management Limited, we also offer services that are related to Investigations & Analysis, namely:

  • Fraud, embezzlement & misappropriation investigation
  • Intelligence and analysis
  • Regulatory investigation
  • AML/CFT investigation
  • Anti-bribery and corruption investigation
  • Asset tracing
  • Business intelligence and investigative due diligence

With these services, you will be driven to understand all imposed requirements and draft the necessary documentation in line with relevant laws as required by the local authorities. Fairwinds Management, through the Malta Anti-Money Laundering Advisory Services, is able to guide you through the necessary processes in order to fulfill your obligations.