Ultimate Beneficial Ownership

Expert Speak: Dr Elena Scherschneva, Austria

Course Duration: 47 minutes
Course Points: 45

Dr Elena Scherschneva, Former FIU Head, Austria talked about Beneficial Ownership (BO), the importance of identifying BO and Ongoing Due Diligence. She also covered best practices to establish a beneficial owner and various red flag indicators.

This presentation was part of the AMLC-Fintelekt AML/CTF Summit Philippines 2020, conducted virtually from November 23rd – 27th, 2020.

FATF Plenary February 2021: Outcomes and Interpretation

Daniel Thelesklaf, International AML/CFT and Anti-Corruption Expert provides a round-up of the outcomes of the FATF Plenary Meeting which was held virtually from February 22 to 25, 2021. Despite the pandemic, the FATF has kept up with its planned timelines and the developments in this latest plenary are relevant for the public and private sectors alike. Daniel explains the rationale behind FATF’s recent report on risk-based supervision, highlighted also by FATF Executive Secretary David Lewis at Chatham House recently. Daniel also covers strategic initiatives in the areas of proliferation financing, mitigating risks from virtual assets and terrorism financing. He also covers key results of the mutual evaluation of New Zealand, changes to the gray list, and ends with an outlook on what may be coming in the area of beneficial ownership.

Updated: March 2021
Level: Intermediate
Duration: 27 minutes
Course Points: 25

Trainer: Daniel Thelesklaf, International AML/CFT and Anti-Corruption Expert
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Certificate Course: Ultimate Beneficial Ownership Module 3

The Module 3 of this certificate course covers international norms and approach to beneficial ownership. The trainer covers misuse of corporate entities, forms of direct and indirect ownership and control, international norms of UBO Identification, including FATF Recommendations and information mechanisms adopted by various countries, Beneficial Owner Gap Analysis Tool and two case studies.

Updated: March 2021
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate
Duration: 27 minutes
Course Points: 25

Trainer: Debmalya Maitra, Senior Director, BFSI at Chokshi Group
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Certificate Course: Ultimate Beneficial Ownership Module 2

The Module 2 of this certificate course covers methods of establishing beneficial ownership and source of funds. The trainer talks about the characteristics of a beneficial owner, global definitions of a beneficial owner, characteristics of an effective framework for identification of beneficial ownership, measures that must be taken to enhance transparency and ways to overcome obstacles to increase transparency and common red flag indicators.

Updated: March 2021
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate
Duration: 38 minutes
Points: 35

Trainer: Debmalya Maitra, Senior Director, BFSI at Chokshi Group
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Certificate Course: Ultimate Beneficial Ownership Module 1

The Module 1 of this certificate course covers risks associated with legal persons, Politically Exposed Persons, Corporate Vehicles and Arrangements. The trainer covers challenges faced by obliged entities, common methods of misuse of beneficial ownership, regulations and obligations relating to beneficial ownership, customer due diligence process, risk mitigation measures and a case study.

Updated: February 2021
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate
Duration: 38 minutes
Points: 35

Trainer: Debmalya Maitra, Senior Director, BFSI at Chokshi Group
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Webinar: Ultimate Beneficial Ownership Identification: Challenges and Best Practices

Course Duration: 43 minutes
Course Points: 40

This webinar is part of the webinar series run by Fintelekt Advisory Services in association with the Asian Bankers Association (ABA). The topic for this webinar is “Ultimate Beneficial Ownership Identification: Challenges and Best Practices” and was aired on June 10, 2020.

Speakers:

  • DEBMALYA MAITRA, Senior Director – BFSI, Chokshi Group
  • CHUA CHOON HONG, Head of Compliance Solutions – APAC, Bureau van Dijk, A Moody’s Analytics Company

Key Issues discussed in this webinar include:

  • Trends in misuse of corporate vehicles for illicit activities
  • Common typologies and recent cases
  • Customer due diligence challenges
  • UBO identification best practices

Expert Speak: Moran Harari, Tax Justice Network

Course Duration: 18 minutes
Course Points: 15

Moran Harari, Senior Researcher, Tax Justice Network speaks about Useful Tools for Assessing Beneficial Ownership Registration and Vulnerability to Illicit Financial Flows in this presentation from Fintelekt’s Asia AML/CFT 2nd Annual Summit 2020 held virtually from July 20-24, 2020.

Expert Speak: Theresa Karunakaran on Ultimate Beneficial Ownership

Course Duration: 51 minutes
Course Points: 50

Theresa Karunakaran, Former Director Regulatory Affairs Deutsche Bank AG and Former General Manager – Department of Supervision, Reserve Bank of India speaks about best practices for identifying Ultimate Beneficial Ownership (UBO), measures taken to prevent misuse of legal persons and key features of an effective system to tackle UBO in this presentation from Fintelekt’s Anti Money Laundering 5th Annual Summit (Nepal) 2020 held in Kathmandu, Nepal on January 29, 2020.

Conversations: Philip Hunkin, Director – Financial Intelligence Unit, Isle of Man

Course Duration: 23 minutes
Course Points: 20

In this video from the Fridays with Fintelekt series, Shirish Pathak, Managing Director, Fintelekt Advisory Services is in conversation with Philip Hunkin, Director – Financial Intelligence Unit, Isle of Man on various experiences around financial crime risk assessment, imposing penalties, steps to strengthen beneficial ownership controls, public private partnerships and expectations from reporting entities in the Isle of Man.

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