The Challenge of Beneficial Ownership
On-demand webinar: The Challenge of Beneficial Ownership
Complete the form to hear Transparency International and Refinitiv discuss:The misuse of legal entities for money laundering is one of the preeminent policy problems in the fight against financial and economic crime. Criminals and professional money launderers often use complex chains of legal structures, including shelf and shell companies, to create laundering engines spanning multiple jurisdictions that turn vast quantities of dirty money seemingly clean. It is for this reason that the Financial Action Task-force and regulators worldwide require financial institutions and other obliged institutions to identify, verify and screen ultimate beneficial owners. By seeing through legal entities to the individuals who ultimately stand to benefit from them, obliged firms can do the due diligence necessary to help prevent money laundering and fight financial crime.
In this on-demand webinar, we will discuss the challenge of beneficial ownership, both at the macro-policy level, and at the micro-practical level. At the policy level, we will survey the state of beneficial ownership transparency, and what initiatives are under way to improve it, as well as the role trust and company service providers need to play. At the practical level, we will in particular cover the new partnership between Refinitiv and Dun & Bradstreet to provide an integrated UBO identification and screening solution we call UBO Check. We will also cover how Enhanced Due Diligence is a vital component of any compliance program, including in extending the reach of UBO data available and in fully understanding the risk posed by some UBOs.
Webinar topics:
- The policy challenge: the misuse of legal entities and how the lack of beneficial ownership transparency enables money laundering, corruption and terrorist financing
- What Beneficial Ownership means, why identifying UBOs is important and how it interacts with screening across sanctions compliance, PEP identification and adverse media
- Dun & Bradstreet’s UBO data: background and how the data is collected and aggregated
- World-Check One: UBO Check – demonstrating the power of combining leading UBO data with the leading risk intelligence database
- Uncovering and verifying UBO data when aggregators like Dun & Bradstreet don’t have coverage
- Doing enhanced due diligence on high risk UBOs: best practices
Event info
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Format:
On-demand -
Time
90 minutes -
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Speakers
Maíra Martini Senior Policy Advisor - Transparency International
Maíra Martini is a Senior Policy Advisor at Transparency International. She leads TI’s research and policy on beneficial ownership transparency and anti-money laundering. She is a lawyer and holds a Master of Public Policy from the Hertie School of Governance in Berlin, Germany.Sylwia Wolos Director, Enhanced Due Diligence - Refinitiv
Sylwia is Head of Enhanced Due Diligence Proposition for Refinitiv. She has over a decade of hands-on experience in public domain research and investigation, gained through establishing and managing regional EDD operations teams. Sylwia has contributed to the development of the Refinitiv Ultimate Beneficial Ownership identification service. She is a Certified Anti-Money Laundering Specialist (CAMS, 2012) and received Certificate in Anti-Bribery and Corruption Studies (CABCS) in 2017. Her interest is focused on business transparency and sustainable economy.Evelyne Tuck Senior Product Manager - Refinitiv
Evelyne Tuck is Senior Product Manager at Refinitiv. She has been responsible for the development and release of several major features on the Eikon platform. More recently Evelyne has managed the integration and launch of Ultimate Beneficial Ownership data on World-Check One. Prior to joining the company in 2010, Evelyne was an information specialist and researcher in major investment banks with a particular specialty in private company data. Evelyne holds an Master of Science degree from City University.Michael Meadon: Performance Director, EMEA - Refinitiv
Mike leads Market Development for Refinitiv’s risk business across EMEA. In this role he helps define Refinitiv’s go-to-market, product and content strategies, including for the flagship World-Check product set. He is particularly focused on keeping abreast of regulatory, industry and technological developments, to ensure Refinitiv continues to innovate and develop products that meet client needs. Based in Johannesburg, South Africa, Mike has a degree in Politics, Philosophy and Economics from the University of Cape Town, and spent several years at the University of KwaZulu Natal (UKZN) studying cognitive science. As a “former future academic”, he has a strong continued interest in history and science, and particularly palaeoanthropology, astronomy and cognitive science. Professionally, Mike has a passion for combatting corruption, transnational financial crime, and believes in the power of big data to achieve these ends.Listen today
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