ΠΕΡΙΓΡΑΦΗ

According to the Prevention and Suppression of Money Laundering Activities Laws of 2007-2021, companies and any other legal entities incorporated in the Republic of Cyprus must obtain and hold adequate, accurate and current information on their beneficial ownership, including details of the beneficial interests held. 

The programme will consider an analysis on the recent developments and the new platform as well as the updates of the Directive on preventing and combating the laundering of income from illegal activities. 

The programme will provide information on the updates as well as amendments of the new law and its implementation and instructions on the registration of companies, express trusts and similar legal arrangements, crypto-assets and bodies in the register of Beneficial Owners of the relevant competent authority.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the programme, participants will:

• Understand the EU Directive requirements relevant to the UBO Register
• The amendment of the law and the new platform
• Basics about submission in each case and form of UBO (Individual, trust and similar legal arrangements, listed entities etc)

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

The programme is ideal for:

• C-Level Executives and Senior Managers in Investment Firms
• Compliance Officers
• Internal & External Auditors
• Internal Lawyers  & Legal Advisors
• Financial and Banking Professionals
• Corporate Governance Professionals

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline 

• The Ultimate Beneficial Ownership Register pursuant to the European Union AML Directive
• The implementation of the Directive into local legislation
• Practical application of the law and the obligation for Cyprus companies and officers
• The New UBO Platform kept by the Registrar of Companies
• The new deadlines and obligations for all kinds of UBO submissions
• Penalties for non – compliance

Training Style 

The programme is designed to deliver knowledge and enhance participants’ skills via short lectures, case-studies, practical examples, real-life simulations.

Most of the training will focus on ensuring the participants familiarize with the topic of the Beneficial owners registers and assessment of current strengths and weaknesses via formal assessment tools.

CPD Recognition 

This programme may be approved for up to 5 CPD units in Financial Regulation and AML. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.