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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.

Photo of Rochelle Bonello

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

Stay updated with our latest insights

Mamo TCV Advocates: Reporting Obligations on the Flow of Funds by Russian-Owned Entities
Corporate and M&A

Sanctions 8: Reporting Obligations on the Flow of Funds by Russian-Owned Entities

Following from the recent geopolitical developments in Ukraine, there has been a heightened interest in international sanctions. Through this series of articles, we aim to provide a general overview of the notion of sanctions, consider the local framework through which sanctions function in Malta, illustrate the general obligations which subject persons are required to observe vis-à-vis sanctions and discuss a general overview of the sanctions imposed by the EU against Russia. In this eighth article, we shall consider the salient aspects of the guidance provided by the Maltese Sanctions Monitoring Board and European Commission in relation to a recently introduced…
Mamo TCV Advocates: The European Parliament has formally endorsed a new AML package. This article provides a brief synopsis of some of the main characteristics of this new legislative package.
Corporate and M&A

European Parliament Formally Endorses New AML Package

As of the 24th April 2024, the European Parliament formally endorsed the upcoming Anti-Money Laundering (‘AML’) Package. This package is anticipated to standardise AML rules across the European Union ('EU'), taking into consideration various potential loopholes which could be utilised by criminals to launder funds. This new package is anticipated to also improve the way national systems within Member States are organised and to promote cooperation between them to tackle money laundering and terrorist financing. This new package will transfer all rules applicable to the private sector to a new Council Regulation (‘AML Regulation’), with the AML Directive (Directive EU…
Mamo TCV Advocates: The Central Bank of Malta repeals Directive no. 18 on Moratorium on Credit Facilities with immediate effect. Find out more about this update here.
Banking & Finance

CBM Repeals Directive no. 18 on Moratorium on Credit Facilities

The Central Bank of Malta repeals Directive no. 18 on Moratorium on Credit Facilities in Exceptional Circumstances On 3 May 2024 the Central Bank of Malta (hereunder the ‘CBM’) repealed Directive No. 18 on Moratorium on Credit Facilities in Exceptional Circumstances (hereunder the ‘Directive’). The main objective of the Directive, which had come into force on 13 April 2020, was to implement the provisions of regulation 6 of the Moratorium on Credit Facilities in Exceptional Circumstances Regulations (Subsidiary Legislation 465.40) which regulations were issued under the Public Health Act (Chapter 465 of the Laws of Malta) in order to provide…
Mamo TCV - Legal Article
Banking & Finance
Court of Appeal (Inferior Jurisdiction) Orders the Reinstatement of Bank Accounts
Mamo TCV Advocates: The European Banking Authority (EBA) has released an opinion that assesses emerging trends in payment fraud and proposes regulatory measures to address these challenges. In our latest Payments Insights, we discuss the EBA's publication which emphasises the necessity of improving security measures for instant payments, applying Strong Customer Authentication (SCA) consistently across all transaction types, and facilitating cross-border collaboration to manage the increased fraud risks associated with international transactions. The EBA’s Opinion also outlines several regulatory recommendations, including updating fraud risk management frameworks, adjusting liability rules to better protect consumers, and reinforcing supervisory processes. These measures are designed to increase the resilience of the financial sector for the benefit of the end-consumer within the payments sphere.
Banking & Finance
Payments Insights #2 –
EBA Opinion on Payment Fraud and Possible Mitigants
Mamo TCV Advocates: The EU regime regulating Alternative Investment Funds (AIFs) has been updated through the publication of the AIFMD II which replaces the first AIFMD originally published more than ten years ago.
Investment Services & Funds
Maltese Implications from the EU’s AIFMD II Directive