Many companies may not be compliant in a timely manner with the mandatory requirements and obligations of the Register of Beneficial Owners, and the consequences that failure to be compliant may give rise to. For this reason, Malta BNI decided to hold its 10th Business Briefing event on this subject on Wednesday 6th October at 1200 noon. Then, in the series of international business meetings, Malta BNI will be holding an international meeting on Friday 15th October at 7.00AM, this time with BNI Prosper-Us chapter based in Johannesburg, South Africa. Both events are free of charge and open to non-BNI members.
The Register of Beneficial Owners is one of the many compliance obligations imposed on companies and other entities in terms of Maltese and European Union legislation. The obligation to maintain this register has been applicable since 2018 as part of the fight against money laundering and the financing of terrorism. Notwithstanding the importance of this compliance obligation not everyone may have grasped the importance of being compliant.
“Prepared by Dr Stefan Patrick Gauci, Head of Business Advisory at Integritas Group, this presentation is intended to assist towards a better understanding of the obligations that ought to be adhered to in a financial world where compliance has become a key component. This 30-minute briefing is of interest not only to lawyers, notaries, accountants, and auditors, but also to corporate services providers, and to persons holding directorship and company secretarial positions,” said Malta BNI’s national director David Bullock.
Headquartered in Malta and having offices in Dubai and Geneva, the Integritas Group provides a variety of services by a team of 35 dedicated professionals assisting a portfolio of Maltese and international clients in corporate matters, trusteeship and fiduciary services, yacht and aircraft registration as well as citizenship by investment and residence by investment services with primary focus on the Maltese programmes as well as other jurisdictions within the EU and the Caribbean.
A lawyer by profession, Dr Gauci advises the Board of Directors on the design, development and implementation of policies and procedures that facilitate company processes and business strategies while ensuring compliance with applicable regulatory legislation in the financial services industry. An approved person by MFSA since 2005, he has served as director, company secretary, MLRO and compliance officer of different regulated entities throughout the past 15 years. Dr Gauci has been a contributor to legal publications and a guest speaker at seminars organised by the Chamber of Advocates and the Malta Institute of Taxation. Since 2014, he has been an assistant visiting lecturer and examiner at the University of Malta.
Malta BNI is also inviting business owners, entrepreneurs and managers responsible for marketing or business development in Malta for a meeting with the 37-strong BNI Prosper-Us Chapter based in Gauteng, Johannesburg, South Africa. Notwithstanding the last months were marked with lockdowns in South Africa, BNI Prosper-Us succeeded in generating new business for its Chapter members.
Launched on 21 February 2014, early in 2017, BNI Prosper-Us chapter was awarded the prestigious BNI Founders Award. Among its members, there are a designer wear, attorneys, jeweller, financial advisor, interior designer, security systems, digital marketing, web and app developer, business coach, relationship coach, maths and science coaching, CPA, and more. Their new president, taking over on 1 October, is Greg Seiler as in BNI, every six months, there is a reshuffle of roles within each chapter.
Malta BNI has already held successful international meetings with entrepreneurs and businesspersons among others from Italy, USA, Cyprus and Finland. Malta BNI has five chapters in Malta which currently have open categories for individuals who will bring enthusiasm and integrity to their meetings and increase their respective business. Just one person per professional category is allowed in each chapter. Search Malta BNI here to see if your category is open, then visit a chapter and lock out your competition.
For more information about these events, please email Carmel Bonello email@example.com, Viviana Premazzi at firstname.lastname@example.org or David Bullock at email@example.com #bnimalta #networking #business #malta