STATUTE FOR THE CENTRE FOR FINANCIAL INTEGRITY

SUBSIDIARY LEGISLATION 327.671

STATUTE FOR THE CENTRE FOR

FINANCIAL INTEGRITY

2nd November, 2021

LEGAL NOTICE 416 of 2021.

This statute may be cited as the Statute for the Centre for

Financial Integrity.

This statute shall be applicable from 1 October 2021

onwards.

In this Statute, unless the context otherwise requires

"Associate Member" is the title given to Council appointed

academic members of staff whose substantive post is with a

department, faculty, institute, centre or school and who also give

service to another department, faculty, institute, centre or school.

"the Board" shall mean the Board of the Centre for Financial

Integrity; and

"the Centre" shall mean the Centre for Financial Integrity.

The Centre for Financial Integrity is hereby established

as an institution of the University of Malta. The Centre shall be a

joint initiative between the University and the National Coordinating

Committee on Combating Money Laundering and Funding of

Terrorism (NCC).

The aims of the Centre shall be

(a)

to educate and train students, including adult

learners, in the understanding and appreciation of

the multifaceted and complex relationships

between finance, accounting, economics and law

that are involved in illicit financial flows which

cause damage to society from resultant economic

instability, financial crises, corporate scandals and

inequality in welfare allocation;

(b)

to educate and conduct research in methods of

detection and prevention of crimes against financial

integrity using digital technologies;

(c)

to develop and deliver study-units at undergraduate

and postgraduate level and postgraduate

programmes of study including research degrees at

master and doctoral levels;

(d)

to develop and deliver study-units and programmes

of study for short intensive courses leading to

awards (micro-credentials) that serve as continuing

professional development for persons involved in

the regulation and control of the financial sector

and the prevention of financial crime;

(e)

to assist in generating and coordinating research

directed at the detection and prevention of financial

crime as practiced locally, regionally and globally;

(f)

to educate and inspire integrity, morality and ethics

in business;

(g)

to

participate

in

international

research

collaborations with leading institutions in the field;

(h)

to promote interdisciplinary collaboration within

the University and through engagement with

specialists outside academia;

(i)

to provide advisory services especially, but not

solely, to public sector entities.

The Centre shall be governed by a Board that shall

consist of the following

(i)

Chair: Rector of the University of Malta or

delegate;

(ii)

Vice-Chair: Director of the Centre;

(iii) the Chair of the NCC;

(iv)

a person appointed by the Council of the

University;

(v)

up to four Resident Academics having backgrounds

relevant to the work of the Centre, appointed by the

Senate of the University;

(vi)

up to two representatives elected by and from the

students registered within the Centre; and (vii) up

to five persons possessing expertise and experience

related to or in the area of interest of the Centre to

be nominated by the Rector after consultation with

the Chair of the NCC.

All members of the Board, other than those appointed ex

officio, and the two student representatives shall be appointed for a

period of one year, renewable for up to four years. A retiring member

will be eligible for re-appointment.

CENTRE FOR FINANCIAL INTEGRITY

The functions of the Board shall be

(a)

to govern the affairs of the Centre, subject to the

provisions of these statutes and of such regulations,

policies or directions as may from time to time be

approved by the Council and the Senate;

(b)

to decide the policy of the Centre, to supervise its

activities and administration, and without prejudice

to the generality of the foregoing, the Board may

(i)

agree business plans and annual estimates of

revenue and expenditure of the Centre for

consideration and approval by the Council;

(ii)

with the written concurrence of the Rector,

enter into agreements with public sector

institutions for the conduct of particular

activities or the funding of the Centre;

(iii)

publish an annual report;

(iv)

enrol the

Centre in associations or

institutions

sharing similar aims and

interests;

(v)

propose Regulations and Bye-Laws to the

Senate;

(vi)

require from staff members of the Centre the

production of reports on academic matters,

including the curricula of courses of study,

qualifications for admission to courses,

examinations, and certificates of attendance

or qualification;

(vii) recommend to the Council the creation or

removal of academic and administrative or

technical posts in the Centre; and

(viii) propose for approval to the Senate, Boards

of Studies and Examiners for programmes of

study.

The Centre shall have a Director and Staff

Appointment of

Director and Staff.

(a)

the Director of the Centre shall be appointed

according to the procedure for the appointment of

Directors of Institutes, Centres and Schools as

approved by the Council of the University, for a

duration of one year, with the possibility of renewal

annually subject to established performance

criteria, the needs of the Centre and the needs of the

University, for a total period not exceeding four (4)

years; provided that an Interim Director shall be

appointed by Council on the recommendation of

the Rector for a period of two years to assist in the

launch and build-up of the Centre during its initial

formative period;

(b)

the Director or Interim Director shall be assisted by

administrative staff, full time resident academics

appointed to the Centre, academic associate

members and visiting academics and research

support officers.

The duties of the Vice-Chair/Director shall be

(a)

as stipulated in the Manual of Conduct and

Procedures of the Collective Agreement for

Academic Staff of the University of Malta; and

(b)

any other duties which shall be assigned to the

Director from time to time, provided that such

duties shall be congruent with the objectives and

functions of the Centre.

The Centre shall be supported financially by a dedicated

Government of Malta budget line item to ensure sustained

commitment to its mission, visibility and durability. An agreement to

regulate the funding of the Centre shall be signed between the

University and the NCC. The Centre shall strive to generate

additional funding from other sources including through co-operation

with public or private sector institutions and bodies receiving

advisory or other services from it.

The Director of Finance of the University shall be the

Treasurer of the Centre.