To provide an understanding regarding the funds and trusts legislation and structures as well as the related risks and how to address/mitigate them.
To provide the participants with an understanding of:
(a) purpose and scope of applicable legislation;
(b) the purpose fund and trust structures may serve;
(c) the applicable types, forms and regulatory and licensing requirements relating to funds/trusts incorporation/set-up and ongoing operation;
(d) the risks involved for Banks, AML/Compliance Officers and methods to mitigate it;
(e) how fund/trust documents work and familiarize them with the necessary requirements for their proper review and respective due diligence.
(2) AML/Compliance Officers;
(5) corporate service providers;
(6) members of staff of professional bodies responsible for licensing and monitoring professionals acting as trustees (Bar Association, CySEC, SELK);
(7) tax officers;
(8) members of STEP and/or CIFA.