The Annual Due Diligence Conference organised by the Malta Individual Investor Programme Agency (MIIPA) took place on the 11th June 2019. The conference touched upon various aspects of the Due Diligence Exercise, starting off on the differences between artificial intelligence tools and human expertise, the pros and cons of both, as well as the vitality of of understanding risks and the limitations of artificial intelligence due to complexitity of the investigative process.
The conference also delved into the action being taken globally to fight financial crime, evasion of sanctions and hiding of illicit funds, the 5th Anti Money Laundering Directive and WEF and Europol’s affect on mitigating the worldwide problem. Attendees were given a brief insight on how local banks perform their due diligence exercises, particularly in the context of IIP clients.
8Point Law is an Approved Agent for the Malta Indivisual Investor Programme.