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Overview

This one-day programme will provide participants with the important criteria to identify and verify beneficial owner (BO).
The availability of BO is a key requirement in the fight against ML/TF. It also aims to raise capability in understanding and adapting the regulations to comply and determine the BO in complex legal persons and legal arrangements set-up with the guidance of international and local guidelines; including from best practices.
Programme Outline
Learning Objectives
By the end of the programme, participants will be able to:

  • Appraise the requirement to identify and verify the natural person behind legal persons and legal arrangements
  • Examine criteria used and obstacles to identify BO
  • Analyse the technical aspects required by the regulator under BO requirements

Programme Outline
  • What is BO?
    • Identifying the key components such as thenatural person who is the beneficial owner of the customer
    • Taking reasonable measures to verify the accuracy of the information obtained and keeping records of all relevant documents
    • Performing further regulatory obligations based on the risk category of the beneficial owner such as CDD, sanction screening and high-risk jurisdiction
  • Unwrapping BO
METHODOLOGY
Lecture, discussion, class activity and infographics
Participant profile
Operations, business and compliance staff
Trainer
Aazad Ananthan 
Trainer, consultant & compliance practitioner
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Aazad Ananthan 
Trainer, consultant & compliance practitioner
Aazad Ananthan Abdullah is a trainer, consultant and compliance practitioner. He comes with 27 years of working experience in various international banks including Labuan offshore banks and premier training institute for financial institutions.

Aazad graduated with a Bachelor of Jurisprudence from Universiti Malaya (Malaya), Bachelor of Business Administration from Universiti Utara Malaysia and Master of Commercial Law, Malaya. He has an Advanced Certification in Anti-Money Laundering jointly awarded by the Asian Institute of Chartered Bankers (AICB) and International Compliance Association in collaboration with University of Manchester Business School, UK, Certified Integrity Officer (CeIO) awarded by Malaysia Anti-Corruption Academy (MACA); and holds a Certificate in Sustainable Finance awarded by United Nations Institute for Training and Research (UNITAR).

Aazad specialises and delivers training in the subjects of financial crime, anti-money laundering, international sanctions, ultimate beneficial ownership, anti-bribery/corruption (ABC) and is a HRDC certified trainer. In 2022, he presented in a forum on “Managing Compliance Risks: e-Know Your Customer” jointly organised by the Regulatory Commission of Mongolia and Financial Education HUB.
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Asian Banking School
Ultimate Beneficial Owner: Overcoming Challenges to Identify UBO
Time Slot
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Programme Fees
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