This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on [email protected] or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.
Course Description:
The course aims to increase subject persons’ understanding of Beneficial Ownership within the AML/CFT framework, its importance and requirements. It also aims to enhance one’s ability to detect concealment of Beneficial Ownership and red flags, and ultimately report situations linked to Money Laundering and/or Terrorist Financing suspicion.
The European legislative framework, namely the AML Directives and the Maltese FIAU Implementing Procedures were kept in perspective in the preparation of the material for this course. Other regulations and guidelines published by international bodies such as FATF was also referenced.
The training session will also be complemented by several practical examples and case studies.
Target Audience:
This course is tailored for all subject persons and is targeted towards employees working within the AML/CFT function, either as first line or second line of defence, and other subject persons who deal with CDD, customer onboarding, and ongoing monitoring.
Learning Outcomes:
- Why is it important to identify a Beneficial Owner?
- FATF guidance on Transparency and Beneficial Ownership
- The Beneficial Owner requirement
- Definition of a Beneficial Owner
- Beneficial Owners in various structures
- Customer Due Diligence – Understanding the ownership and control structure
- Source of funds/wealth of Beneficial Owners
- Adverse media, sanctions, and PEP hits on Beneficial Owners
- Concealment of Beneficial Ownership
- Red flags
- Bearer shares
- Beneficial Ownership Register
Venue: Kindly contact us on [email protected] to indicate your preferred training method; online or in-person.
CPE Hours: This course qualifies for 3 hours of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.
Trainer:
Ma. May Casimiro, Manager, Risk Consulting Advisory Services, KPMG in Malta
May joined KPMG in Malta in 2022 within the firm’s Risk Consulting Advisory practice, having previously spent over five years with KPMG Philippines, where she progressed from Associate to Assistant Manager. Throughout her career, she has specialised in AML/CFT, regulatory compliance and risk advisory services for banks, fiduciaries, fund-related structures, corporate service providers and other financial institutions across the EU, the UK and APAC. Today, May leads and manages engagements focused on AML/CFT framework reviews, CDD/EDD remediation, transaction monitoring, ML/TF risk assessments, regulatory due diligence, licensing support and internal audit. She oversees engagement delivery and multidisciplinary teams, provides risk-based advice to senior stakeholders, and supports clients in strengthening their governance and control frameworks. May is a Certified Public Accountant in the Philippines and a Core AML Trainer for the KPMG Learning Academy Malta, where she develops and delivers specialist training for industry professionals.
Discover more courses from our KPMG Learning Suites.
Is your employer paying for your CPE seminars? Contact us on [email protected] to discuss how the employer can benefit from our offers.
