Learning Outcomes:
Understand the importance of identifying beneficial owners for compliance with the FIC Act.
Learn how to establish ownership and control structures to determine beneficial owners.
Identify beneficial owners in legal entities, including those with complex, multi-level ownership.
Gain skills in identifying key individuals associated with trusts, including founders, trustees, and beneficiaries.
Learn to identify and verify partners in various partnership structures.
Understand how to identify founders, key management, and beneficiaries in non-profit organizations (NPOs).
Develop the ability to gather, verify, and maintain accurate and up-to-date beneficial ownership information.
Analyze complex ownership structures using real-world examples and case studies.
Identify and mitigate risks related to money laundering, terrorist financing, and proliferation financing through beneficial ownership.
Enhance due diligence and risk management practices for reducing exposure to financial crime.