Group MLRO
Rochelle Bonello
Rochelle Bonello
Rochelle Bonello is Group MLRO for Mamo TCV Advocates and TCV Management and Trust Services Limited. She is a compliance specialist with over 7 years of experience working in the areas of prevention of money laundering, counterfeit terrorism financing, fraud, anti-bribery and corruption as well as sanctions. Rochelle Bonello previously served as a Benefit Fraud Inspector with the Ministry for Social Justice and Solidarity, the Family and Children’s Rights, Anti-Money Laundering Analyst at one of Malta’s largest banking institutions and an AML Team Supervisor with an international institution specializing in custody and fund trading. She has also significant experience in heading Remediation projects as well as transaction monitoring.
Education
- Bachelor of Arts (B.A.) in Criminology (2012, University of Malta)
- Degree Plus in English for Professional Purposes (LDDP) (2009, University of Malta)
- Degree Plus in Entrepreneurship (2010, University of Malta)
- Award in Prevention of Anti-Money Laundering and Funding of Terrorism (2019, NCFHE)
- Award in Management and Leadership (2020, NCFHE)
Get In Touch
Address
MAMO TCV Advocates
Palazzo Pietro Stiges
103, Strait Street
Valletta, VLT 1436
Malta
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Family Offices Get Maltese Investment Law Exemption
Family offices which choose to manage their global investments from Malta have been given a new legal exemption through a recent amendment in the applicable investment services rulebook of the Malta Financial Services Authority (“MFSA”). On the 27th of November 2024, the MFSA issued a circular titled “Establishment of Single Family Offices in Malta”. The circular provides that a Notified Professional Investor Fund (“NPIF”) which is set up to solely manage the investment of a single family office (without raising external capital) does not require a licensed fund manager anymore. This is a beneficial exemption which reduces cost and bureaucracy…
Recent Amendments to CBM Directive 19
Introduction Directive No. 19 (the “Directive”), issued by the Central Bank of Malta (the “CBM” or the “Central Bank”) on the 7th July 2021 officially came into effect on 1st January 2022, with amendments issued in September 2024. It applies to all paper-based instruments issued, processed, or encashed within Malta’s jurisdiction, as long as these instruments are denominated in euros. The Directive sets the framework for the safe and effective use of cheques and bank drafts (collectively referred to as "paper-based instruments") where the payer, payee and the regulated institutions servicing the paper-based instruments are all located in Malta. It…
AI in the Banking Sector – a Sword, a Shield or an Achilles’ Heel?
1. Introduction We are not only living in a digital age but also in an age where individuals and businesses increasingly depend on banks for their day-to-day activities. The convergence of these two factors is compounded with the increased use of artificial intelligence (AI) both generally and specifically in the banking sector. From a general perspective, AI start-ups in 2013 received USD 2 bn in investments globally which increased twelvefold in 2018 to USD 24 bn . The European Commission is also planning to invest a total of €112 mm in AI, quantum research and innovation . More specifically, recent…
