Beneficial Owners and Politically Exposed Persons (PEPs)

This course explains how to identify beneficial owners and politically exposed persons (PEPs), and why they matter in managing financial crime risk. It helps teams understand their responsibilities and make informed decisions that protect the business from compliance breaches.

Course overview

You’ll learn how to identify who ultimately owns or controls a customer, recognise PEPs based on public roles or associations, and understand the risks they may present.

You’ll also learn when and how to conduct beneficial owner and PEP checks, what to do if ownership cannot be confirmed, and how to apply risk-based controls to meet AUSTRAC requirements and protect your venue from financial crime.

globe-3 Languages

Available in English

What you’ll learn

  • Identify beneficial owners and understand ownership vs control 
  • Recognise PEPs, including family members and close associates 
  • Conduct beneficial owner and PEP checks during onboarding and reviews 
  • Apply ECDD and safe harbour requirements based on ML/TF risk 
  • Take appropriate action when beneficial owners cannot be identified 

Why choose this course?

  • Supports AML/CTF compliance and due diligence obligations
  • Reduces risk of financial crime, fraud, and reputational damage
  • Builds staff confidence in identifying high-risk individuals
  • Helps create consistent, compliant processes across teams

Legal context

Businesses may be required to identify beneficial owners and assess PEP risk under Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws and related regulations. This training helps organisations meet their obligations and demonstrate due diligence in customer and supplier relationships.

Related keywords

[crime] (7) [finance] (9) [laws] (1) [risk] (3)

Frequently asked questions

Our courses are designed for businesses in the hospitality industry looking to provide professional training for their staff.

At the moment, our courses are available exclusively to businesses through subscription plans.

If your employer has assigned you this course, simply log into our learning management system (LMS) using the credentials from your welcome email. Need help logging in? Contact our support team.

Contact our sales team or request a free demo to explore subscription options and pricing.

Enjoy unlimited access to our entire course library, including this course and any future additions.

Absolutely. We can tailor the course to fit your organisation’s specific needs, culture, and policies. Contact our sales team to explore customisation options.

Our courses are delivered online through our easy-to-use LMS platform or can be provided in SCORM format to integrate with your own LMS.

Absolutely! Schedule a free demo to explore our courses and platform.

Course details

award-49-3 Certificate
Included
clock Duration
15-20 mins
world Region
Australia
cloud-download-2 Format
SCORM
folder-1 Provider
Allara Global
We acknowledge all Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn and work