Picture your Future. Save for it by earning 1.5% on a 1-year Term Deposit Account! Learn more.

MeDirect participates in the 3rd AML & Financial Crime Conference

The 3rd AML & Financial Crime Conference, organised jointly by the ARQ Group and the Malta Bankers’ Association, was held on the 21st of June and focused on the challenge of pursuing growth opportunities and innovation within the context of an increasingly strict financial crime compliance landscape.

The conference featured keynote speeches, an update on the National Risk Assessment as well as three panel discussions.

Vincent Borg, MeDirect’s Chief Financial Crime Compliance, Reg Affairs and Corporate Governance Offices, represented the bank during the panel discussion which addressed the challenges of managing Financial Crime Compliance (FCC) efforts in a constantly changing landscape. Various issues were raised including the manner in which the FATF decision to grey listing Malta has impacted the role of FCC in the Banking Industry   as well as the increase in regulatory requests and the demand for skilled and qualified compliance professionals. The panel also focused on the way in which the use of technology in FCC could help Malta improve its productivity, particularly when benchmarking to international peers.

MeDirect was also represented by Henry Schmeltzer, its Director of Commercial Strategy and Head of Legal, during the panel discussion which addressed the need of striking a balance between effective supervision and economic growth within the industry and addressed questions such as whether companies are going too far with de-risking of client bases which simply shifts AML problems abroad. The panel also discussed the importance of systems and processes in compliance and the importance of achieving a balance between regulatory and commercial considerations.

Share on facebook
Share on linkedin

Latest news articles

All News

BlackRock Commentary: A new playbook for a new regime

BlackRock sees the new regime of higher macro and market volatility playing out and not going away. In their view, persistent production constraints keep this regime in place. They think this means a new, dynamic playbook is needed – where tactical and strategic portfolios change more frequently to balance their views on risk appetite with the pricing of economic damage.

All News

Notes from the Trading Desk – Franklin Templeton

Looking ahead to the end of the year, this week and next look to be crucial in terms of setting investor sentiment. This week, the Reserve Bank of Australia holds it policy meeting, and Chinese Consumer Price Index data stand out.

CF Estates Finance PLC
All News

CF Estates Finance p.l.c. – New Bond Issue

MeDirect will be accepting applications for anyone interested in applying for the new €30,000,000 CF Estates Finance p.l.c. 5% Secured bonds 2028 – 2033.

Experience better banking

The sooner you start managing your money, your way, using the best-in-class tools, the sooner you’ll see results. Sign up and open your account for free, within minutes.


We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.