Philip Abela

Overview:

As a self-employed individual specializing in the transport of construction materials such as cement and gravel, I managed all aspects of the operation, from logistical coordination to administrative tasks. Additionally, I handled financial management, including bookkeeping, invoicing, tax compliance, and regulatory affairs, ensuring adherence to legal obligations.

Key Responsibilities:

Transportation Management:

• Coordinated the transportation of construction materials to various job sites, ensuring efficient delivery and client satisfaction.
• Maintained relationships with suppliers and clients to facilitate smooth operations and address logistical challenges.
  

Financial and Compliance Management:

• Managed financial aspects of the business, including bookkeeping, invoicing, and budgeting.
• Handled tax-related matters, including VAT, income tax, and National Insurance (NI) contributions, ensuring compliance with regulatory requirements.
  

Overview:

As a Senior Compliance Analyst at Diligex, I played a key role in ensuring regulatory compliance within the private sector, with a focus on entities such as notaries, real estate agencies, and firms. In addition to standard KYC duties, my responsibilities included leveraging advanced AML software, such as World Check and UBO structures, to enhance due diligence processes and mitigate financial risks.

New Duties:

AML Software Utilization:

• Leveraged advanced AML software tools such as World Check and UBO structures to enhance due diligence processes within the private sector.
• Conducted thorough screenings of clients against sanctions lists, politically exposed persons (PEP) databases, and other relevant sources to identify potential risks.
  

Overview: As a Compliance Analyst at Bank of Valletta, I played a pivotal role in ensuring regulatory compliance, particularly focusing on Know Your Customer (KYC) requirements. My responsibilities encompassed conducting thorough due diligence on clients, monitoring transactions for suspicious activities, and contributing to the institution's overall risk management framework.

Key Responsibilities:

KYC Due Diligence:

• Conducted comprehensive KYC checks on new and existing clients, verifying identities and assessing associated risks.
• Reviewed and analyzed customer documentation to ensure compliance with regulatory requirements, addressing any discrepancies and obtaining necessary information.
  

Transaction Monitoring:

• Utilized advanced monitoring tools to detect and investigate suspicious transactions, ensuring timely reporting of potential illicit activities.
• Implemented robust monitoring procedures and conducted periodic reviews of high-risk accounts to mitigate financial risks.
  

Business Risk Assessment:

• Assessed the business risk associated with clients, considering factors such as industry, geographic location, and business activities.
• Developed risk profiles for different business segments to facilitate risk-based decision-making and resource allocation.
  

Customer Risk Assessment:

• Conducted customer risk assessments based on various parameters, including financial behavior, transaction patterns, and geographic risk factors.
• Applied risk scores to customers to determine appropriate levels of due diligence and monitoring.
  

Compilation of Risk Reports:

• Compiled comprehensive risk reports, incorporating analysis of geographical risks, product risks, and other relevant factors.
• Identified red flags in customer transactions and behavior, assigning numerical values to risk indicators and assessing the frequency and amounts of transactions.
• Generated risk reports at regular intervals to provide insights into emerging risks and trends, facilitating informed decision-making by senior management and regulatory authorities.