Training Objectives

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)

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

Who Should Attend

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

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.