RMC Wise Ltd offers a range of services including but not limited to *Risk Management*, *Regulatory Compliance*, *Financial Services Consultancy*, *AML/CFT Compliance*, *Internal Audit*, and *Regulatory Reporting Services.*
Michael Tabone
AML / CFT AND REGULATORY COMPLIANCE ASSOCIATE
Michael Tabone is an AML / CFT and Regulatory Compliance Associate at RMC Wise LTD., specializing in Anti-Money Laundering, Counter-Finance of Terrorism and Regulatory Compliance.
He supports financial institutions in identifying and evaluating business risks while ensuring adherence to dynamic regulatory requirements. Michael collaborates closely with clients to strengthen governance frameworks, mitigate financial crime risks, and ensure effective compliance with AML obligations. His expertise encompasses the development of robust compliance programs, the delivery of tailored, sector-specific training, and the provision of strategic advice on industry best practices. Furthermore, Michael conducts comprehensive internal audits, identifies potential compliance gaps, and formulates targeted remediation plans to enhance overall compliance, governance, and risk management practices.
Experience
Michael has over ten years of experience in combatting the laundering of proceeds deriving from criminal activity and white-collar crime. His career started as an AML analyst within the Malta Police force, subsequently proceeding to the investigations and prosecutions of financial crime.
Educational Background
Michael graduated with a Bachelor of Commerce Degree in Economics & Management followed by a Master of Science in Strategic Management from the University of Malta. He was also awarded a Diploma in Policing focusing mainly on Law and Criminology. Michael diversified his studies and obtained certifications in Anti-Money Laundering Legislation, and Governance Regulations & Compliance Management with the University of Malta and the Malta Stock Exchange Institute. He is currently reading a certification in Blockchain, Cryptocurrencies, NFTs and the Metaverse with the University of Nicosia, Cyprus.
Asset Management and Funds
Investment Services Firms
Company Service Providers and Trustees
Credit and Financial Institutions
Crypto Assets Service Providers and Blockchain
RMC WISE
FAQ'S
What services does RMC Wise Ltd provide?
What is Risk Management, and how does RMC Wise Ltd approach it?
Risk Management involves identifying, assessing, and prioritizing risks to minimize, monitor, and control the probability or impact of an event that may or may not have a negative outcome on the Company. RMC Wise tailors risk management solutions based on a thorough understanding of each client's risk profile, business model and overall objectives, offering services such as governance, policies & procedures, enterprise-wide risk assessments, outsourced risk management functions, and cyber risk support.
What is Regulatory Compliance, and why is it important?
Regulatory Compliance ensures that a business adheres to external rules and internal controls imposed by regulatory bodies. It aims to protect license holders and their clients, ensure fair and transparent markets, reduce systemic risk, and combat financial crime. The Compliance Function advises and assists personnel in complying with legal and regulatory obligations, regularly assessing the effectiveness of measures and procedures in place. This is done through the effective implementation of a risk-based Compliance Monitoring Programme (CMP).
How does RMC Wise Ltd assist with AML/CFT Compliance?
RMC Wise Ltd helps businesses meet their Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) obligations by providing services such as risk assessments, customer due diligence, ongoing monitoring, transaction reporting, and AML training. They assist firms in implementing robust frameworks to prevent financial crime and comply with regulatory requirements.
What Internal Audit services does RMC Wise Ltd offer?
RMC Wise Ltd provides independent Internal Audit services to its clients. Internal Audit is crucial for ensuring the efficiency, security, and compliance of an organization. It provides independent assurance that a company’s risk management, governance, and internal control processes are functioning effectively. Moreover, Internal Audits help identify weaknesses, improve operational efficiency, and ensure compliance with regulatory requirements, reducing the risk of fraud and financial mismanagement. Our services include reviewing compliance with regulatory requirements, evaluating operational risks, and offering recommendations for process improvements to ensure organizations operate efficiently and securely. This is done through the effective implementation of a risk-based Internal Audit Plan.
RMC WISE
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