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Unleash the Power of Knowing your Customers

The concept of the Ultimate Beneficial Owner (UBO), referring to the individuals who ultimately benefit from a legal entity, has become a crucial part of the client Know Your Customer (KYC) onboarding and remediation procedures. This is primarily due to its importance in the recent wave of international Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF) regulations and tax compliance standards, including the Securities and Exchange Commission of Pakistan (SECP), Foreign Account Tax Compliance Act (FATCA), and Common Reporting Standard (CRS).

As mandated by the Financial Action Task Force (FATF) standards, all corporate registries and financial institutions, including banks, are required to collect UBO information from legal entities and arrangements. This critical measure is taken to deter serious offenses such as money laundering and financing of terrorism.

The absence of transparency around UBOs enables illicit activities like money laundering via Companies, Limited Liability Partnerships (LLPs), and Trusts. Consequently, all pertinent parties, including Banks, Financial Institutions (FIs), Company Secretaries, and Law Enforcement Agencies (LEAs) should prioritize the identification of UBOs in their efforts to combat money laundering and terroristĀ financing.

Message From Chairman

I am thrilled to engage with you as the Chairman of Mentor Pak, a committed mentoring organization. Our mission is to guide and empower individuals, helping them unlock their full potential. The power of mentorship is transformative, and we aim to harness this to impact not just individuals, but also their families, workplaces, and communities. We’re fortunate to be supported by a team of dedicated mentors who share our vision, and together, we anticipate a brighter future. Thank you for joining us on this journey to make a difference.

Rohail Hussain

CEO & Founder

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What Our Customers Say

Facilitation was outstanding, including the two guest speakers. Very much liked the approach. Also liked the fact that time management was excellent - sessions and days were not too long, as often happens in these sort of workshops.
Fatima Arshad
Manager,
This was one of the best workshops I have ever attended. The venue, materials & facilitation was excellent. I recommend this training to all justice sector actors interested in seeing real progress in their countries
Umer Ali
Director
The training was very inspirational, energising, bringing lots of ideas, with both substantial and in-depth knowledge together with case studies, learning from experience and being fully practice-oriented.
M.Zahid
Manager

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