Services

Compliance

Companies in the financial services sector that are licensed by the Malta Financial Services Authority must appoint a Compliance Officer, who ensures that regulations are followed in their operations and acts as a point of contact between the MFSA and the licence holder.

Bennetti Consulting supports licence holders by offering comprehensive compliance services that ensure that the way they manage their business abides by all the applicable laws, rules and regulations of their industry.

Compliance services for financial entities

As compliance is a legal area that is continually evolving and developing, companies must keep pace with the dynamic regulatory environment in which they operate.

Compliance services provide clients with the necessary expertise that allows them to stay abreast of changing requirements which affect their companies and response to developments by planning and implementing new and effective procedures.

What are the functions of a Compliance Officer?

The main duty of the Compliance Officer is to detect and report any risk that the licence holder may not be complying fully with their legal obligations. This is achieved by:

  • Monitoring and assessing whether the procedures implemented by the licence holder to ensure it follows its obligations are adequate and effective, and take action to address any failures;
  • Advising and assisting on matters relating to financial services and similar activities to ascertain they are carried out in accordance with legal and regulatory requirements.

Dr Clint Bennetti has worked with several companies in the role of Compliance Officer, including funds. With his broad expertise in the legal and financial sectors, he can guide businesses in drafting policies and procedures, preparing compliance reports, and offer advice on investor protection and regulatory issues. In certain cases, Dr Bennetti may also act as the client’s appointed Compliance Officer.

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