Transforming Ultimate Beneficial Ownership (UBO) analysis and continuous customer monitoring capabilities to meet AMLD5 requirements are just two of the main challenges that need to be tackled if banks are to avoid compliance issues in 2020 and beyond. Both can seem like a costly and time-consuming challenge in a market that continues to evolve at an alarmingly fast pace.
As part of our Online Economic Crime Academy with UK Finance, join experts from Synectics Solutions and a panel of our invited guests to to understand more about the art of the possible (particularly in respect of UBO) and also what is being done to provide sensible solutions to help address these issues in a cost effective and speedy manner.
This webinar will cover:
Challenges organisations face in understanding beneficial ownership checks whilst remaining compliant with 5MLD
The mechanisms required to ensure that the information held on the public register, as per the 5MLD regulations, are "adequate, accurate and current".