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Money Laundering Reporting Officer

  • Full Time
  • Malta
  • DOE
  • Legal
  • Apply By: June 27, 2023

JOB ID: 41697

Required Skills
Anti-Money Laundering Law Problem Solving Residency Status Malta Time Management Written and Oral English Communication
Job Description

Job Description


Company Introduction

Our client is a leading organisation in accounting, audit, tax and financial planning services.

Job Responsibilities and Duties

  • Ensure that the Firm is always compliant with Financial Intelligence Analysis Unit (FIAU), MFSA, and other pertinent regulations;
  • Act as primary contact with the FIAU, while maintaining effective relationships with other governmental bodies/agencies, handling any request or inquiry in an open and cooperative manner;
  • Be knowledgeable on the Prevention of Money Laundering Act, (Cap. 373) and provisions amending the Act, the Regulations made thereunder, as well as the Implementing Procedures and any guidance notes issued by the FIAU;
  • Ensure that all the Firm’s employees are adequately trained in money laundering and terrorist finance prevention, that the standards and scope of the training are appropriate, and that appropriate training records are kept;
  • Ensure that proper Customer Due Diligence procedures are in place and that the procedures set out in the FIAU Implementing Procedures relating to the identification and verification of natural or legal persons are complied with;
  • Maintain the Firm’s anti-money laundering and combating the funding of terrorism policy in-line with evolving statutory and regulatory obligations;
  • Maintain the Firm’s internal reporting procedure to ensure that employees can report any such suspicious transactions without hindrance and that clear reporting lines are in place;
  • Work closely with the Firm’s Risk Manager to ensure that the Firm’s risk management policies, risk assessment profile and their application are adequately documented;
  • Collaborate with the Firm’s Risk Manager and Internal Compliance Team to maintain appropriate risk-based monitoring processes that are proportionate to the Firm’s operations’ scale, nature, and complexity;
  • Ensure all internal suspicious activity reports received are investigated without delay;
  • Represent the Firm to all external agencies, e.g., regulators or law enforcement agencies, and in any other third-party enquiries related to money laundering prevention, investigation, or compliance;
  • Respond to any reasonable request for information from the regulator and/or law enforcement agencies;
  • Ensure all reporting obligations are met, including the preparation and timely submission of the yearly Risk Evaluation Questionnaires (REQs) for each entity forming part of the subject person;
  • Prepare an MLRO report to the board of directors on an annual basis;
  • Ensure that the legal reporting obligations, such as CASPAR reporting, of the Firm are fulfilled errorless every time, on time;
  • Have the ability to exert effective influence over the Firm’s AML/CFT measures, policies, controls and procedures;
  • Be able to communicate freely and directly with the Board of Directors, when necessary.


  • The candidate should be a warranted advocate;
  • Preferably the candidate’s personnel questionnaire (PQ) has been previously approved by the MFSA for the role of MLRO;
  • MiFID II and MFSA rules knowledge and experience;
  • CSP/Trusts/Funds business experience;
  • Residing in Malta.

Personal Skills

  • Excellent organizational and time management skills;
  • Excellent interpersonal skills;
  • Outstanding oral and written communication skills.