A leading international cryptoexchange CEX.IO is pleased to welcome Mark Taylor aboard as the new Head of Financial Crime. Leveraging extensive law enforcement, compliance, and risk management expertise
New man at CEX.IO to head up financial crime department
Leading international crypto exchange CEX.IO has brought in Mark Taylor as its new Head of Financial Crime.
Leveraging extensive law enforcement, compliance, and risk management expertise, Mark will be responsible for assisting CEX.IO in combating financial crime and cooperating with the regulators.
Mark joins the company with hands-on experience fighting crime within specialised units in law enforcement, after previous roles at the global payments provider Payoneer and the multi-jurisdictional financial services organization STM Group.
From Head of EU Compliance and Money Laundering Reporting Officer to Director of Enterprise Risk, Mark served in multiple key positions at Payoneer. Among other achievements, he established excellent relationships with regulators, greatly improved the efficiency of AML/CFT processes within the company, and even received a letter of gratitude from Gibraltar’s Minister of Fi
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The reform to the Company Service Provider (CSP) regime
introduced on 16 March 2021 by the Company Service Providers
(Amendment) Act, 2020 brought with it a revamped CSP Rulebook
(Rulebook). As previously exempt CSPs continue to work towards
applying for their licences by the impending 16 May 2021 deadline,
they are also looking at what their obligations will be should they
be granted authorisation by the Malta Financial Services Authority
(MFSA). The same is being done by CSPs who were already registered
with the MFSA before the reform took place and who must ensure full
Plenitude Appoints Former HSBC UK Head Of Financial Crime Compliance, Allan Clare, As Senior Advisor Date
27/04/2021
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Financial crime is multi-faceted and its impact is felt in many ways across society and the economy. Organisations are paying a heavy financial cost, collectively spending billions trying to prevent financial crime, yet they have seen the threats of money laundering, fraud, theft and corruption continue to grow. The combination of heightened regulatory scrutiny and consumer expectations of financial institutions means it has never
What led the Ministry for the Economy, Investment and Small Businesses to issue regulations requiring companies to disclose their ultimate beneficial owners?
The journey started in May 2016 when Malta participated in the London Anti-Corruption Summit and made commitments to fight corruption. The pledge at that time was to establish a central Register of Beneficial Owners for companies incorporated in Malta, as well as to facilitate the exchange of beneficial ownership information in line with EU Directives. It was further pledged that it would ensure law enforcement agencies have full and effective access to beneficial ownership information for companies and other legal entities registered within Malta.