Transparency in corporate ownership is a major concern of supervisory bodies and practitioners due to the misuse of corporate structures for ML and other financial crimes. With the global spotlight on Beneficial Ownership transparency, the Ghana Registrar-General introduced a new Central Beneficial Ownership Register in October 2020 to create a centralised public register of verified beneficial owners. This exercise-based training employs case studies to teach delegates the processes of identifying beneficial owners of corporate structures to help financial services and other practitioners to take the appropriate steps to detect and prevent misuse of corporate structures.
What will you learn?
- Tenets of global Beneficial Ownership and Beneficial Ownership transparency.
- Regulations and guidance on beneficial ownership and firms’ obligations.
- Types of corporate structures and the role of professional offshore enablers.
- Methodologies for identifying beneficial ownership and risk-based approach to Ultimate Beneficial Ownership (UBO).
- Comprehensive case study exercises on identifying beneficial owners of complex multi-jurisdictional corporate structures.
Who is the course for?
This training is for all practitioners who deal with corporate customers in commercial, retail, investment, development, and rural banks, FinTechs, law and accounting firms, real estates, and other accountable institutions with AML/CTF reporting obligations to boost awareness and competency in detecting and preventing misuse of corporate structures. Interested?