This training module on Ultimate Beneficial Ownership (UBO) is critical to understanding how financial crime exploits complex corporate structures to hide real human control behind legal entities.

In this training, we will examine why UBO identification sits at the core of AML, driven by global FATF standards and India’s strengthened PMLA and RBI KYC framework, and why regulators increasingly view failures in UBO identification as failures of judgment rather than process.

We will cover who qualifies as a UBO, applicable ownership and control thresholds, practical identification steps, common masking techniques, red flags, and challenges faced by banks in real-world scenarios.

The session also highlights the role of technology, risk-based approaches, and continuous monitoring in managing UBO risk effectively. Ultimately, this program is designed to strengthen our ability to look beyond documentation, identify the real individuals behind accounts, and protect the integrity of the financial system.

About the Trainer

Himanshu Vasa

Empaneled Trainer

Himanshu Vasa is Former President & Chief Compliance Officer (CCO) of Kotak Mahindra Bank with over 34 years of strategic and operational leadership in banking, financial services, and consulting. His expertise in corporate governance, regulatory compliance, enterprise risk management, and strategic transformation and ability to resolve regulatory and operational challenges has earned him the Certificate of Recognition of Excellence at the CFO 100 awards function for 7 consecutive years.