[email protected] +91 - 9370078917

Ultimate Beneficial Ownership

Fintelekt Certificate Course on Ultimate Beneficial Ownership

The Fintelekt Certificate Course on Ultimate Beneficial Ownership covers international norms, associated risks and practical approaches around UBO and source of funds identification and verification.

Upcoming Session:
Tuesday, October 13,2020
3.00 pm to 5.00 pm IST

Learning Objectives
Course Content
Who Should Attend
Learning Format
Session Date
More Information
  • UBO identification
  • Understanding challenges in identifying UBOs with different legal structures
  • Understanding the difference between Source of Wealth & Source of Funds
  • International norms around UBO identification
  • Risks associated with legal persons, PEPs, corporate vehicles and arrangements
  • Methods for establishing  beneficial ownership and source of funds
  • International approach to beneficial ownership

The slides presented by the faculty member during the virtual classroom session will be available to the participant for reference through our e-learning platform for a period of one month after the training session.

Online links to additional reading or reference material may also be provided.

US$ 100 (US Dollars One Hundred Only)

Group Nominations
Please write to Karishma Dattani at [email protected] if you would like your bank to be invoiced for group nominations. However, please note that full payment must be received three working days before the virtual classroom session.

Participants who attend the virtual classroom session and pass the examination will be eligible to receive the Fintelekt Certificate on Ultimate Beneficial Ownership.

Participants will receive the certificate in .PDF format via their registered email id upon passing the examination. If you do not get your certificate within two working days after completing the examination, please write to us at [email protected].

The Fintelekt Certificate is valid for demonstrating your commitment to continuing professional development and may be used towards credits for other professional certification programmes.

  • Account Opening Staff
  • Relationship Managers
  • Branch Managers
  • Operations Staff Especially in KYC/Due Diligence
  • AML compliance team members

This course is primarily suitable for persons working in the banking industry.

However, customised courses are available for insurance, mutual funds, capital markets, currency exchange houses and non-banking finance companies. Please write to us at [email protected] for more details.


Debmalya Maitra, currently Senior Director – BFSI at Chokshi Group and Faculty Member at Fintelekt Advisory Services, is a seasoned professional with more than 30 years of experience in the Banking and Financial Services Industry with more than a decade each in new age private sector bank and life insurance companies and seven years in a leading housing finance company. Until recently, he was Chief – Risk, Audit & Compliance at Aegon Life Insurance and prior to that he was Head – Audit & Risk Management at HDFC Standard Life Insurance. Before this, he was Head – Audit & Compliance at Centurion Bank of Punjab. Debmalya is a Chartered Accountant (ICAI – 1983-1987) and holds a Bachelors of Commerce with Honours in Accountancy (1982-1985). Debmalya was a member of the Insurance delegation in the FATF evaluation relating to preparedness regarding anti money laundering regulations (2010) in India.

  • Virtual Classroom of 2 hours, including 30 minutes Q&A session
  • Online Examination


  • Participants will receive a joining link to the online session on the registered email address at least three days before the session date.
  • The joining link will also contain a short tutorial video on how to use the online platform.
  • During the live session, phone and chat support will be available to participants.
  • The weblink to answer the examination will be sent immediately to the participants via email after the virtual classroom session and may be answered within 7 days.
  • The examination will be based on the content covered during the virtual classroom session. It will consist of multiple-choice questions which will have to be answered within 30 minutes.
  • Participants who are unable to attend the virtual classroom or face connectivity issues will be allowed to view the session recording so that they can prepare for the examination.

Tuesday, October 13, 2020
3.00 pm to 5.00 pm IST

If a participant is unable to join the live session due to connectivity issues or due to another problem, s/he may write to us at [email protected] to request access to a recording of the session.

The recording may be accessed for up to 7 calendar days after the session.

You can join the session through a laptop, personal computer, tablet or mobile. A stable internet connection of at least 2 Mbps speed is recommended for uninterrupted streaming.

Please note that some banks block employee access to external emails, webinar platforms, or audio/visual hardware. Kindly contact the technology team of your bank to resolve any such issues. Or alternatively, use a personal computer to log in to the session.

For more information, please connect with:
Karishma Dattani
Project Manager
: [email protected]
: +91-9370078917


Is the course/content customised to my country?

This is a generic course which is suitable for participants from any country. It covers the topic irrespective of the country you are based in.

May I send in my questions in advance before the virtual classroom session?

We strongly encourage you to listen to the virtual classroom session before asking questions. If your questions are not answered during the session, please feel free to post them in the chat box during the allotted question-answer time at the end of the session.

What if my question is not taken up for answering during the question-answer session?

If we receive a large number of questions during the question-answer time allotted during the virtual classroom session, we may prioritise which ones to answer and take up a few of the questions offline. We will send answers to the unanswered questions via email to individual participants.

What is the passing percentage for the examination?

The passing percentage is 80 per cent.

What if I fail?

If you do not pass the examination in the first attempt, you can attempt it a second time. If you do not pass in the second attempt, you will not be eligible for the certificate and will have to re-enroll for the next batch of the course and pay the course fees again.

For how long is the certificate valid?

The certificate is valid in perpetuity.


Can you invoice my bank for the amount?

Due to the small amount involved, we are unable to invoice the bank for individual participants. We encourage participants to pay online and get the amount reimbursed from the employer.

I have paid but have not received a confirmation. What do I do?

Please send a screenshot of the payment confirmation to us at [email protected]. We will get back to you within two working days after reconciliation with our payment service provider.

Can I get a refund?

We do not provide a refund once payment is made.


You are welcome to provide your comments or feedback about the course by writing to us at [email protected].