Ultimate Beneficial Owners (UBO) Register Updates – Guidance through the New System and the Relevant Amendments
- Χρηματοοικ. Ασφαλιστικά Τραπεζικά
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.
Πληροφορίες Εκπαιδευτή
Σοφία Νεάρχου - Associate Lawyer at Chrysses Demetriades & Co LLC
Sophia is a lawyer in the Compliance department of our firm dealing with Anti Money Laundering & regulatory compliance matters and keeping the firm’s function in line with the law and regulatory requirements. During the course of her employment she has gained extensive experience, particularly in cases relating to US sanctions and EU restrictive measures and has been involved in the resolution of arising matters. She has also been in charge of performing due diligence measures and has given legal advice to clients pursuant to the international, EU and US obligations. In July 2016, Sophia successfully passed the Financial Services and Regulatory Advanced Examination of the by Cyprus Securities and Exchange Commission (CySEC), which is recognized by the Charted Institute for Securities and Investment (CISI) and which has familiarized her with the regulatory requirements relating to the securities and investments. She further participated on the drafting of advice for clients involved in the sector and assisted in matters including CRS/FATCA reporting and compliance.
Furthermore, in order to provide more quality to the services and advice offered, during June 2018 Sophia took the examination of CISI on Global Financial Compliance and alongside the Certificate in Global Financial Compliance (Cyprus) which she successfully passed and was awarded the CISI Level 3 Award in Global Financial Compliance. Since then she has been an Associate of CISI. More recently, in June 2019, following a successful examination, she has obtained the Worldwide recognized and top level certificate in Money Laundering, the ACAMS certificate and is a member of CAMS Cyprus. Moreover, Sophia Nearchou has obtained recently the CySEC AML certificate.
Αναλυτικό Κόστος Σεμιναρίου
- € 220.00
- € 0.00
- € 41.80
- € 220.00