The Active Group, a regulatory and compliance specialist, has established an office in Malta and appointed Claire Gauci to spearhead the development of its business here.
Active Malta is supported by the wider Active Group offices of Guernsey, Jersey, Isle of Man and Cayman Islands
“Malta represents Active Group’s commitment to establishing regulatory and compliance support services within key international financial jurisdictions,” Wayne Bulpitt, founder of Active Group, said.
He added: “We are delighted to have Claire join our team of professionals; our research, advisory and implementation procedures will assist potential and existing license holders to integrate compliance and risk management as a core element within their respective strategies.”
Ms Gauci said: “Having observed the phenomenal growth of the finance industry in Malta, the opening of Active Malta seemed a natural step, given the breadth of experience that the Active Group has acquired by supporting similar businesses within so many international offshore jurisdictions. I am thrilled to be managing the development of Active Malta.”
Ms Gauci has worked with the Banking and Regulation and Compliance Section of the Central Bank of Malta, the Banking Unit of the Malta Financial Services Authority and Global Capital plc. She has occupied the role of compliance officer and money laundering reporting officer for various licensed entities in insurance, insurance intermediaries, investments and fund management.
“The regulatory responsibilities imposed upon financial services’ licensed entities are both complex and challenging. Within this environment there is a need for independent internal audit controls and specialist service providers for compliance, risk management and anti-money laundering implementation procedures which are fundamental to the business process.
“This represents a major challenge for an emerging financial services centre such as Malta, especially where most exisiting licence holders comprise small, cost sensitive, operating units focused primarily upon business development and/or administration,” a statement by the Active Group said.
Active Malta is supported by the wider Active Group offices of Guernsey, Jersey, Isle of Man and Cayman Islands. Active Malta offers practical and forward-thinking compliance support within the financial services business sector, by offering considered advice on a clients’ compliance and risk requirements both at the pre-licensing stage and in their ongoing regulatory obligations.
Active Malta’s offices are located at 33, Regent House, Bisazza Street, Sliema.