Managing the Unique Challenges of Beneficial Ownership, KYC and ID Verification Obligations

June 16, 2022 3:10pm

Bob Kapur
Independent Financial Crimes Consultant

Wen-Chi Chang
Vice President, Strategy & Insights, Enterprise AML Group
CIBC

  • Key elements of an effective beneficial ownership and KYC process
  • Best practices in customer due diligence for remote, non-face-to-face transactions
  • How to effectively gather, evaluate, and validate data: Meeting obligation to keep beneficial ownership information up to date
  • Exploring the impact and implications of implementation of publicly accessible corporate beneficial ownership registries
  • How to comply with the increasingly rigorous client identification requirements: FINTRAC’s position on ensuring accuracy of beneficial ownership information