Manager - Risk & Enforcement
Elena Tabone, the FIAU’s Risk and Enforcement Manager, joined in 2015 as a Compliance Officer. Throughout the years, she has been actively involved in the supervision of financial institutions and DNFBPs from an AML/CFT perspective. She has contributed extensively to the enhancement of the FIAU’s supervisory framework, ensuring its continuous development in line with European and international requirements, as well as to cater more effectively for the ML/FT risks arising from the sectors falling within the FIAU’s supervisory remit.
Ms Tabone is responsible for the implementation of the Compliance and Supervision Platform for Assessing Risk System (CASPAR) and for risk assessing subject persons. She is also responsible for the enforcement process to ensure the proper application of administrative measures imposed on subject persons by the FIAU’s Compliance Monitoring Committee and for following up on remedial action plans presented by subject persons to ensure their effective and efficient implementation.
Ms Tabone obtained a Bachelor of Commerce (Hons) degree in Insurance and Finance from the University of Malta in 2014. She then worked as a Commercial Claims Handler with a leading Maltese insurance broker before joining the FIAU.