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Description

AML/CFT: Collecting, Verifying and Updating KYC for Legal Entities

Building a robust onboarding file when ownership structures are complex

  • 0.43 days — 3 h
  • In-person or virtual
  • Foundation
  • Up to 6 participants

Onboarding a legal entity tends to run into the same obstacles. Constitutional documents are out of date, the ownership chain runs through several layers, and the person effectively directing the business differs from the declared representative. The file is opened with documents missing, and the gap surfaces at the time of review.

This three-hour session works through KYC for legal entities step by step. It covers the documents to be collected according to the entity's legal form, verification of actual business activity, tracing ownership up to the ultimate beneficial owners, and updating the file during the course of the relationship. Each participant leaves with a collection checklist ready for use.

Learning objectives

  • Collect the identification documents required according to the client's legal form
  • Verify consistency between declared activity and expected transactions
  • Trace the ownership chain up to the ultimate beneficial owners
  • Classify the business relationship according to its risk level
  • Trigger the file update at the right moment

What makes this programme different

Ownership chain tracing is practised on multi-layered structure charts
Non-profit entities, foundations and offshore structures are addressed separately
A collection checklist by legal form is completed during the session

Programme

1Identifying the legal entity

Assembling a complete file at onboarding

  • Documents expected according to legal form
  • Verification of existence and commercial registration
  • Powers of representatives and signature delegations
  • Handling entities still being incorporated

2Tracing ultimate beneficial owners

Seeing who stands behind the structure

  • Reading an ownership structure chart
  • Indirect ownership and control by other means
  • Offshore structures and non-profit entities
  • Documenting the search and retaining evidence

3Classifying risk and maintaining the file

Keeping client knowledge alive

  • Criteria for classifying relationship risk
  • Enhanced due diligence measures and additional documents
  • Events triggering a file update
  • Audit trail of controls and link to the reporting framework

Who is it for

Business relationship managers, back-office officers and compliance staff in banks, insurers and finance companies.

Prerequisites

No prerequisites

Dates & locations

12 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.