India has issued the Companies (Significant Beneficial Owners) Rules, 2018, requiring companies and partnerships in the country to maintain an official record of persons holding beneficial shares. Companies must also file a return with the Registrar of Companies providing details… Read More ›
beneficial ownership
Czech Republic’s beneficial ownership register comes into force
In the Czech Republic’s efforts to prevent income from criminal activities and the financing of terrorism being legitimised, the final part of anti money laundering (AML) legislation drafted in 2008 has come into force. A register of ultimate beneficial owners… Read More ›
US senate contemplates BSA/AML legislation to target trade-based financial crime
The Senate Committee on Banking, Housing and Urban Affairs has held hearings and is considering changes to the current Bank Secrecy Act (BSA) and anti-money laundering (AML) requirements, and a draft bill amending the BSA has been proposed. Amongst other… Read More ›