Issue link: https://maltatoday.uberflip.com/i/1182680
7.11.19 7 NEWS Malta Leading Through Innovation As the globe unites into one digital conti- nent, we must push ourselves into new paths of technology and be part of the digital transformation that will take us to the next decade. Today, the notion of technology and innovation driving productivity and economic growth is indisputable. What was before tainted with unre- alistic expectations and uncertainty is now at the top of the agenda of governments, international and private corpora- tions. The relentless surge of major tech- nologies such as Artificial Intelli- gence, Blockchain, Distributed Ledger Technol- ogy, Internet of Things, Big Data, and Cloud Com- puting has enabled a new and exciting synergy between government, industry and academia. Inevitably, such synergies require the proper nurturing and support in order to thrive and align themselves towards an integrated and unified objective. Created on the key priority fields of technology and innovation, Tech.mt will be pioneering the technology sector to another level. Tech.mt not only aims to elevate Malta's status as a quality Tech provider on both a local and international platform but also strives to act as the interlinking force between government, industry and academia. To realise Malta's vision to become a tech centre for innovative technologies, Tech.mt builds its strategy onto four main pillars – Promotion, Inno- vation, Talent and Assistance. In line with its mission, Tech.mt participated in the DELTA Summit, Malta's official Blockchain and Digital Innovation event held during the first week of October. With a drive to enhance the potential of the Technology industry in Malta, DELTA Summit presented Tech.mt with the chance to explore different business networks and engage with the global technology community, whilst serving as a great opportunity to promote Malta as the technology hub of choice and celebrate the country's favourable regulatory environment and its pioneering initiatives in the disruptive technology sector. This year Tech.mt also took over the organisation of ZEST, a conference and networking event within DELTA Summit focusing on digital disruption, innova- tion, and technology business. Tech.mt has successfully contin- ued the ZEST tradi- tion with inspiring keynotes, fiery debates, and engaging discus- sions featuring international experts and Malta's very own tech heroes. By exposing Malta's ecosystem and showcasing its potential, ZEST acts as a platform to reveal what opportunities the integration of technology can offer. Bringing together a global community of entre- preneurs, start-ups and investors, ZEST will always serve as a window of opportunity to generate new leads and build effective relation- ships and business ideas. We pledge to place Malta as the technology hub of choice. "We will be pioneering the technology sector to another level" Dana Farrugia, CEO - Tech.mt At Tech.mt we strongly believe that we should constantly expose our minds to this challenging digital evolution and involve ourselves in what we might not fully under- stand. Techmt.Contact@tech.mt @Tech.mtMalta https://tech.mt/ @TechmtMalta Tech.mt tech.mtMalta THE Malta Institute of Financial Services (ifs Malta) in collaboration with the ARQ Group recently organised a specialised event for senior officials in the financial services, financial crime compliance and related areas, which focussed on better understanding the Financial Intelligence Analysis Unit (FIAU) Revised Imple- menting Procedures. e well attended event was very suc- cessful as it managed to bring together practitioners from across various sec- tors to interact with experts and discuss key regulatory issues and gain insight into what is required to instil a proper compliance culture to mitigate financial crime and safeguard our reputation. Following a welcome address from ifs Malta Vice President, Peter Calleya, the session commenced with a presentation from Dr Manfred Galdes, Managing Partner of ARQ Group. e former Head of the Malta FIAU delivered very detailed and informative insight on risk assess- ment and risk management, highlighting international standards and what regu- lators expect and what businesses need to do when undertaking a risk based ap- proach in their business activities. Other expert members from ARQ's compliance team then delivered tech- nical presentations. is included a detailed analysis of Customer Due Dil- igence and Transaction Monitoring by Martina Scalpello, an overview of the du- ties of the Money Laundering Reporting Officer (MLRO) and the obligation to re- port by Oliver Raine, and the obligations in respect of Reliance and Outsourcing of subject persons by Shawn Mangani. QWDr Galdes closed off the event by highlighting other relevant legislative and regulatory changes and developments, such as those dealing with data protec- tion and sanctions screening, which also had to be taken into consideration with the FIAU Implementing Procedures. President of ifs Malta, Kenneth B. Mi- callef, said "the overwhelming response and success of this event are very en- couraging, and show that industry pro- fessionals are receptive to the views of experts remaining keen to implement regulatory procedures in a proper man- ner for everyone's benefit. Ifs Malta is committed to fostering professional de- velopment and will continue providing specialised training at future events". Ifs Malta successfully organises specialised event on the FIAU Revised Implementing Procedures