Speaker
Shayne Brasse
About The Speaker
Shayne has been approved by regulators in Mauritius, the United Arab Emirates (Dubai – DIFC) and Luxembourg for Compliance roles at Board and Senior Management Level.
He spent some time in Dubai where he was approved by the regulator as Senior Manager – Compliance Officer and MLRO for an Investment Manager in the DIFC and MLRO for a DNFBP (Company Service Provider). He later moved to a compliance consultancy firm in the DIFC as Senior GRC Consultant where Shayne was approved by the regulator to act as outsourced Compliance Officer and MLRO for several Authorised Firms. Shayne was appointed as Director on two Investment Firms domiciled and regulated in Luxembourg (including a UCITS) where he was responsible for overseeing compliance matters.
Prior to going to Dubai, Shayne was managing ADS Consulting Ltd and ADS Learning Ltd, a leading compliance consultancy firm and training institution in Mauritius. Shayne is currently Director of Scentia Consulting, a compliance consultancy firm with offices in Vivea Business Park, Moka. Scentia specializes in the offering of tailor-made compliance and training solutions to financial institutions (banking and non-banking) and non-financial entities which includes DNFBPs (Real Estate Agents/Land Promoter/Property Developer, Lawyers, Notaries, Company Service Providers, Accountants etc) and entities operating in non-financial industries.
Beneficial Ownership and PEP Risk Management - Demystifying Practical AML/CFT Challenges
- 8th August, 2025
- Voila Bagatelle
- 9am to 12pm
- Rs 9,500 (MQA approved & HRDC refundable)
Course Objectives
This training is designed to equip financial professionals with critical insights into the challenges of identifying both beneficial ownership and politically exposed persons (PEPs). Participants will explore evolving risks, real case studies, and best practices for due diligence. The course will provide an in-depth review of recent relevant FATF updates, including amendments to FATF Recommendations and explanatory notes concerning beneficial ownership and PEPs. By the end of the training, participants will have the practical tools and knowledge to strengthen their institution’s compliance framework and mitigate risks effectively.
Course Outline
Challenges in Beneficial Ownership Identification
This session will explore the complexities financial institutions face in identifying and verifying beneficial owners. Participants will analyze real-world cases involving layered corporate structures, nominee arrangements, trusts, and shell companies used to obscure ownership. The discussion will highlight common regulatory challenges, enforcement trends, and the risks of failing to adequately establish beneficial ownership. Attendees will gain insights into how criminals exploit ownership opacity and learn to identify red flags and best practices to overcome these challenges.
Challenges in PEP Identification, Including Real Cases
Identifying and managing risks associated with politically exposed persons (PEPs) presents unique challenges for financial institutions. This session will explore real-life money laundering cases involving PEPs, demonstrating how political influence, corruption, and illicit financial flows are linked. Participants will learn about the different categories of PEPs (domestic, foreign, and international organization officials), the difficulties in identifying them, and the limitations of current screening tools. The discussion will also cover key risk indicators and how institutions can strengthen their approach to detecting and managing PEP-related risks.
Latest FATF Updates on Beneficial Ownership & PEPs
This segment will provide an in-depth analysis of FATF updates over the past years, including amendments to FATF Recommendations and explanatory notes concerning beneficial ownership and PEPs. The session will examine new compliance obligations, recent enforcement trends, and evolving regulatory expectations. Participants will gain a clearer understanding of the FATF’s transparency requirements, including obligations for legal persons, trusts, and nominee arrangements, as well as enhanced due diligence measures required for PEPs. The discussion will also cover how jurisdictions are adapting to these updates and what financial institutions need to do to remain compliant.
Risk Mitigation Strategies
Participants will be imparted with relevant risk mitigating strategies for both challenges and risks encountered with regards to beneficial ownership and politically exposed persons.
Profile of participants
Compliance Officers, Risk and Legal Officers, MLROs and DMLROs
