![UAE Anti Money Laundering UBO Guidelines and implementation](https://fintedu.com/pluginfile.php/2934/course/summary/fintedu_Maansi%20Garg%20.jpg)
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Participants would gain a thorough understanding of various aspects related to ultimate beneficial ownership (UBO) guidelines and their implementation. Here's what they would learn:
Topic 1 - Understanding Beneficial Ownership : Participants will gain a comprehensive understanding of what constitutes a beneficial owner and the importance of identifying the ultimate beneficial owner in various legal entities and arrangements.
Topic 2 - International Focus on Beneficial Ownership : The webinar covers the international perspective on beneficial ownership, including the initiatives of organizations like the G20, FATF, and OECD in promoting transparency and cooperation regarding beneficial ownership information.
Topic 3 - Evolution of FATF Standards : Participants will learn about the evolution of FATF standards concerning beneficial ownership, including the timeline of key developments and revisions to FATF Recommendations.
Topic 4 - UAE Legal Framework : The webinar provides insights into the legal and regulatory framework concerning beneficial ownership in the United Arab Emirates (UAE), including relevant laws, decrees, and cabinet decisions.
Topic 5 - Compliance Requirements : Participants will understand the compliance requirements imposed on various entities, including financial institutions, designated non-financial businesses and professions (DNFBPs), and virtual asset service providers (VASPs), under the UAE legal framework.
Topic 6 - Identification of Beneficial Owners : The webinar explains the process of identifying beneficial owners, including criteria such as ownership of shares, voting rights, and control over legal entities, as well as the application of a risk-based approach in complex ownership structures.
Topic 7 - Record Keeping and Reporting Obligations : Participants will learn about the record-keeping requirements for maintaining registers of beneficial owners, shareholders, and partners, as well as the obligations related to reporting changes in beneficial ownership information to regulatory authorities.
Topic 8 - Administrative Penalties and Grievance Filing : The webinar covers the administrative penalties for violations of beneficial ownership regulations and the process for filing grievances with the registrar.
Topic 9 - Role of Trusts and Legal Arrangements : Participants will gain insights into the role of trusts and legal arrangements in concealing beneficial ownership information and the AML/CFT obligations imposed on trust and company service providers (TCSPs) and legal professionals.
Topic 10 - Practical Examples : The webinar includes practical examples illustrating complex ownership structures and beneficial ownership scenarios in different industries, such as legal firms and gold and jewelry businesses.
Overall, the webinar aims to provide participants with a comprehensive understanding of beneficial ownership guidelines and their implementation, with a focus on both international best practices and the specific legal framework in the UAE.
About the Trainer
![Maansi Garg](https://fintedu.com/pluginfile.php/2934/course/summary/imageedit_58_3366868519.png)
Maansi Garg
Maansi Garg provides Risk Management, Tax, Finance & Accounting related consultancy services. She has 15+ years of professional expertise in various areas of finance, with multiple fortune 500 companies. She holds CAMS certification, is a Chartered Global Management Accountant (ACMA, CGMA) from CIMA (London), a Chartered Accountant (Member of Auditors and Accountants Association, UAE), Cost Accountant from ICWA, India, and an MBA (Finance). Maansi has supported various DNFBPS set up their AML compliance function and has held various compliance training sessions for them.