The register of beneficial ownership for companies

14 September 2021

In 2018, the S.L. 386.19 Companies Act (Register of Beneficial Owners) Regulations was enacted which obligated entities formed or registered in Malta to disclose its ultimate beneficial owners to the Registrar of Companies. The Regulations are applicable to entities formed in Malta under the Companies Act (Cap 386), continued in Malta in terms of the Continuation of Companies Regulations (S.L. 386.05) and companies formed and registered in Malta under the Merchant Shipping (Shipping Organisations – Private Companies) Regulations (S.L. 234.42). This session aims to provide guidance to these entities and those interested as to what constitutes an ultimate beneficial owner and therefore those who need to be reported, the obligations of the entities captured by the Regulations and the forms that need to be submitted to the Registrar. Furthermore, the powers of the Registrar will also be discussed. Various examples will be discussed during the sessions.   

Start Time: September 14, 2021, 9:15 AM Malta Time (GMT+1)

End Time: September 14, 2021, 12:15 PM Malta Time (GMT+1)

Price: Euro 60 (incl. VAT).

Funding can be applied for from Jobsplus for Investment in Skills.

Location Details: Online. A Microsoft Teams link will be sent to you following the registration. Kindly sign in at least 5 minutes before the beginning of the class.

 

Audience:

  • Company service providers

  • Company officials

  • Liquidators

  • Company owners

 

Training topics:

  • What is the Register of Beneficial Owners?
  • Who need to be reported?
  • What needs to be reported?
  • What are the obligations of a company?
  • Guidance to compile the forms.
  • The Powers of the Registrar and penalties
  • Simplifying the beneficial ownership rules through case studies.

 

 Learning objectives:

  • Understanding the application of the Regulations
  • Understanding the implications of failing to adhere to the Regulations

 

Contact: +356 2093 1810 / advance@mt.gt.com

 

A certificate of completion and handouts will be provided to all participants following the completion of the training.

This event has been accredited with 3 hours of structured CPE qualifying under Core Development competency as per the Accountancy Board Accreditation Rules.

 

Your trainer
Ruth Esposito Ruth joined Grant Thornton in 2016 as the Firm’s Compliance Officer. Her main role is to ensure that the Firm is compliant with the Anti-money laundering and counter financing of terrorism regulations and also advises on matters related to this field. Ruth is responsible for the drafting of several internal policies and procedures and also to monitor that such policies and procedures are being implemented throughout the Firm. Prior to joining Grant Thornton, Ruth worked with EY in Malta whereby she was engaged on a number of projects related to anti-money laundering and counter financing of terrorism. Furthermore, she was also engaged on a cybersecurity project in which she formed part of the project management team. During her time with EY, Ruth also had the opportunity to work in Newcastle and in London as part of the EY team which was engaged by credit institutions to carry out several tasks related to AML and CFT.

Grant Thornton Malta
  • Fort Business Centre, Level 2
  • Triq L-Intornjatur, Zone 1
  • Central Business District
  • Birkirkara CBD1050
  • Malta
Tel: +356 2093 1810 Contact: