We are assuming that you are suggesting us to prepare a video on tools and techniques. We thought to work on the video but it’s a complex concept as applications may vary basis jurisdictions and also each bank may select the tools basis their regulatory requirements.
What is the difference between beneficial owner and ultimate beneficial owner? This question asked in the interview.. Please give reply. @CAMS online training
If we go by the definition provided by the regulators, UBO is an individual which either owns more than 25% of shareholding(low to medium risk customers)or control the day to day business. As such there is no major difference in UBO or BO. I hope this answer you question 👍
In my understanding Beneficial Owner is the one who owns more than 25% or more of equity interest of the entity. If there is no such individuals then the controlling person (like C-suits, Directors also called Fallback BO in some jurisdictions) will be considered as BO.. There might be multiple Beneficial Owners (owning 25% each or 50% each or more than 2 directors) .. But the Ultimate BO is the one who ultimately benefits from the entity owning full ownership.. And usually there will be only one UBO for an entity..
Very interesting video! Could you please explain this - if we have a structure like this: Company A owned by Company B (70%) and by Trust C (30%). Who should be verified on behalf of the trust?
With trust owning a significant ownership can complicate the verification. In case, no beneficial owner can be identified, few banks asks the customer to provide the ownership details.
Trusts are considered of high risk primarily cos they make it difficult to identify ownership and beneficial owners. Also, they way they are not regulated in some jurisdictions
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That's a very clean explanation I was searching for that
I was looking for this video...nicely done and explained the concept of trust in quite detail..well done
THANKS FOR CLEARING MY PROBLEMS.
This is really good video on KYC on Trust :)
Thanks..loved this video on trust
This was so useful video..
I work in asset management company and I do and check all these things
Thanks for your feedback
4k subscribers completed 👍
Very informative video...Please make one video on documents required for Fund entity
Thanks for your feedback. We will definitely try to prepare video on funds.👍
Could you please prepare a video on Government entity, SPV, foundation, public listed entity
Great... Can you please explain tools and techniques banks use for AML
We are assuming that you are suggesting us to prepare a video on tools and techniques. We thought to work on the video but it’s a complex concept as applications may vary basis jurisdictions and also each bank may select the tools basis their regulatory requirements.
IT HELPED ME A LOT 👍
Some times in the interview, they ask end to end KYC process. Could you please make video on end to end KYC process. @CAMS Online Training
good and informative video. Thanks a lot.
Thanks for your feedback 👍
Thank you for your explanations sir. I would like to know how to perform Due Diligence on Transfer Agency and different transactions related.
Due diligence will depend on the entity type.
Amazing content sir. Can you make a detailed video on difeerences between Trust & Fund & Foundation. Thanks.
Thanks for your feedback. We will definitely try to prepare something on differences
Very informative video. Thank you.!
Thanks for your feedback 👍
Interesting channel for me to follow but l hate ads of youtube coz it interupts during watching videos.
Thanks for your feedback 👍
Please share the videos for fund company review, government entity, state owned entity, municipality, special purpose vechicle..etc..
We will definitely prepare videos on these entity type. 👍
Thank you sir for very informative video
Thanks for your feedback 👍
Thank you so much, keep up the great work
Thanks for your feedback 👍
What is the difference between beneficial owner and ultimate beneficial owner? This question asked in the interview.. Please give reply. @CAMS online training
If we go by the definition provided by the regulators, UBO is an individual which either owns more than 25% of shareholding(low to medium risk customers)or control the day to day business. As such there is no major difference in UBO or BO. I hope this answer you question 👍
In my understanding Beneficial Owner is the one who owns more than 25% or more of equity interest of the entity. If there is no such individuals then the controlling person (like C-suits, Directors also called Fallback BO in some jurisdictions) will be considered as BO.. There might be multiple Beneficial Owners (owning 25% each or 50% each or more than 2 directors) .. But the Ultimate BO is the one who ultimately benefits from the entity owning full ownership.. And usually there will be only one UBO for an entity..
Very interesting video! Could you please explain this - if we have a structure like this:
Company A owned by Company B (70%) and by Trust C (30%).
Who should be verified on behalf of the trust?
With trust owning a significant ownership can complicate the verification. In case, no beneficial owner can be identified, few banks asks the customer to provide the ownership details.
what governing document need to be checked at the time of KYC for trust?
We may review trust deed, settlement deed, trust registries or government websites etc. I hope this helps
Many thanks awesome video Pls do video for SPV and Fund KYC
Thanks for your feedback👍
@@AMLtraining can we expect fund KYC and SPV KYC
We will definitely prepare a video on fund and SPV
Please let me know if u conduct Cams coaching..thankyou
We do conduct online CAMS training. You may reach out to us at amltrainingzone@gmail.com
Some times in interview, they ask end to end KYC process. Could you please make video on end to end KYC process. @CAMS Online Training
Please refer our video on KYC interview questions. I hope this will help👍
what is entity means regarding KYC process
Kyc process will differ basis entity type such as corporate, trust, partnerships etc.
Can you please make a video on Fund kyc, im not able to find that video in ur channel
We will definitely work on your request
Super content sir, who is the regulator for us ?
Thanks for your feedback. One of the regulator for India jurisdiction is RBI, who define AML/KYC policies for Banks and FI’s
@@AMLtraining sorry I asked for usa ?
FinCEN is primary AML/KYC regulator in US under the authority of treasury department.
Excellent video
Thanks for your feedback 👍
Could you please upload video for Fund structure please
Give us at some time and we will definitely prepare video on funds
I will like to have more videos that will help me get detailed knowledge of how KYC work.
There are couple of KYC videos on our channel. Let us know if have any specific ask.
Can I have a pdf so that can read it while listening
We don’t share pdfs or ppt’s
@@AMLtraining any source where in can read
Kindly do more videos… plsss
Thanks for your feedback. Let us know if you wish to see video on any specific AML/KYC concept
Explain how to prepare sar report ?
We would plan something on SAR reports
Why it is risky
Trusts are considered of high risk primarily cos they make it difficult to identify ownership and beneficial owners. Also, they way they are not regulated in some jurisdictions
May I know your name pls
We work as a team not as individuals. You may call us AMLTRAININZONE team
brother could i get your contact
You may reach out to us at amltrainingzone@gmail.com