Registration Time: 13.15
Sessions Time: 13.30 - 16.45 including a 15-minute coffee break
Speaker: Dr Petra Camilleri  &  Dr Geraldine Ann Spiteri Lucas
Venue: Online Webinar

Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €40.00
Non-MIA Members: €75.00
Retired Members: €20.00
Students: €30.00

Background Information

The 4th Anti-Money Laundering Directive introduced requirements on Member States to set up central registers of beneficial ownership of legal entities such as companies and foundations, and of trusts and other legal arrangements. The directive defined what type of beneficial ownership information is to be reported in the registers and also set out specific levels of access for different third parties to the information held in the registers. The amendments introduced by the 5th Anti-Money Laundering Directive also affected the beneficial ownership registers, particularly with respect to the access levels expected by the Directive.
- Objectives of this session
To provide an overview of the requirements relating to the obligations for the reporting of beneficial ownership of companies, other legal persons and trusts whilst also providing guidance on how such data is to be reported in practice, the expectations vis-à-vis such reporting and also information about how such data is accessible and by whom.

Topics on the agenda

Petra

• Overview of the legislative requirements relating to the creation of a central register for beneficial ownership of trusts

• 5th Anti-Money Laundering Directive – what has changed vis-à-vis the register of beneficial ownership of trusts

• TUBOR - The Trusts Ultimate Beneficial Ownership Register online portal

• TUBOR – How to submit declarations of beneficial ownership of trusts – Trustees

• TUBOR – How to request access to be beneficial ownership information of trusts

• Overview of the legislative requirements relating to the creation of a central register for beneficial ownership of commercial partnerships

• 5th Anti-Money Laundering Directive – what has changed vis-à-vis the register of beneficial ownership of commercial partnerships

• The register of beneficial owners on of commercial partnerships online portal

• New forms for disclosure of information-

Target audience

Practitioners(accountants, lawyers), company service providers, trustees, subject persons in terms of the Prevention of Money Laundering and Funding of Terrorism Regulations

Speakers' Profile

Dr Petra Camilleri – Senior Manager, Conduct Supervision – MFSA 

Petra Camilleri graduated with a Doctor of Laws from the University of Malta and has also obtained a Masters of Laws with specialisation in commercial and corporate law with the University of London. She joined the Malta Financial Services Authority (“MFSA”) in 2012, forming part of the Trustees and Company Service Providers Supervision Team which is now within the remit of the Conduct Supervisory Unit since 2015. She was involved in the transposition of the provisions of the Fourth and Fifth Anti-Money Laundering Directive in so far as they relate to the beneficial ownership information of trusts and the setting up of the Trusts Ultimate Beneficial Ownership Register. She was also involved in the development of the regulatory framework applicable to Trustees of Family Trusts, as well as other legal and regulatory drafting projects relating to trusts and trustees.

Dr Geraldine Spiteri Lucas

Dr Geraldine Spiteri Lucas is the Chief Legal of the Malta Business Registry and she heads the Legal Unit. After graduating as a lawyer from the University of Malta she read for a Masters in European and Comparative law. She started her career with a leading local law firm where she used to offer legal advice to local and international clients and also represented various clients, as litigator, before Tribunals and local Courts. She was involved in the transposition of the provisions of the Fourth and Fifth Anti-Money Laundering Directive relating to the register on beneficial owners of commercial partnerships and the setting up of such register. She is also a member of the board of examiners for the Department of Commercial Law of the University of Malta.

EVENT CPE COMPETENCES

3 Hours Core 

TERMS AND CONDITIONS

Terms & Conditions apply

DISCLAIMER

By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.