[GTTC003] The Reporting Framework For Beneficial Ownership Of Companies
CPE Points | Training Objectives | Learning Outcome | Course Contents |
|---|---|---|---|
4 CPE Points will be accorded for this training. This CPE Points are acceptable by SSM for renewal of Practising Certificate. | - This webinar seeks to give participants a thorough understanding of the “Guidelines for the Reporting Framework for Beneficial Ownership of Companies” issued pursuant to Section 20C of the Companies Commission of Malaysia Act 2001 and Section 60A of the Companies Act 2016. - This training will focus on the various practical aspects of Beneficial Ownership reporting from identifying, obtaining, verifying, updating to notifying the Registrar of the changes of Beneficial Ownership information. | By the end of the webinar, participants will have a good understanding of the “Guidelines for the Reporting Framework for Beneficial Ownership of Companies” and what is expected of companies and individuals as nominees, trustees and Beneficial Owners in compliance with the requirements of the legal framework. | • Enforcement dates of the Companies (Amendment) Act 2024. • Implementation Plan for Beneficial Ownership Reporting Framework. • Timeline for Beneficial Ownership Reporting. • The definition of a Beneficial Owner (BO). • Obligations of companies under Section 60B & 60C. • Obligations of BO under Section 60D. • Entry point of BO information. • Identify, obtain, verify & update of BO information. • Criteria of BO- company limited by shares. • Criteria of BO- company limited by guarantee. • Annual update of BO for Annual Return purpose. • Register of BO. • Place where Register of BO to be kept. • Access to BO information. • Lodgement of Annual Return with BO Annexure. • Procedure to send out Section 60C notices to members & any other persons. • Senior management in place of BO. • Submit and update beneficial ownership information via e-BOS. • Penalty under the Companies Act 2016 & Companies Commission of Malaysia Act 2001. • Entities subject to Beneficial Ownership Reporting Framework. • Guidance on Beneficial Ownership with respect to the requirements imposed under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) • Compliance Officer • Customer Due Diligence • Suspicious Transaction Report • Targeted Financial Sanctions |
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