A dedicated website has been launched collecting all the resources adopted by the G20 on anti-corruption over the years to make them more accessible. The website was launched at the first meeting of the Anti-Corruption Working Group (ACWG) which also… Read More ›
China’s financial authorities look set to issue stricter compliance procedures for establishing the beneficial ownership of all account holders after opening a public consultation process on draft customer due diligence regulations for financial institutions. The draft regulations contemplate requiring financial… Read More ›
All of the inhabited UK Overseas Territories have committed to adopt publicly accessible registers of company beneficial ownership. Just a few months ago only eight of the country’s fourteen overseas territories had agreed to UK government requests to establish publicly… Read More ›
The UAE has introduced new rules for corporate entities incorporated in the mainland and in the non-financial free zones to keep registers of their real beneficial owners and shareholders. Companies subject to the new rules must file beneficial ownership information… Read More ›
Myanmar’s first ever disclosure of beneficial ownership information in the oil, gas and mining sectors is an important step forward, but major problems with the data must be addressed according to a new report by Global Witness. The report, Out… Read More ›
‘Registered Persons’ in the Cayman Islands are exempt from company beneficial ownership rules and are no longer required to comply with either the Companies Law or Limited Liability Companies Law. The change, which came into effect at the end of June, means that… Read More ›
The Financial Action Task Force (FATF) has upgraded its assessment of the US’ anti-money laundering and counter-financing of terrorism (AML/CFT) compliance framework. But the American Bankers Association (ABA) and US legislators are calling for much more stringent disclosure of beneficial… Read More ›
Qatar has introduced a law requiring the ministry of commerce and industry to create a register of beneficial ownership for newly created entities and establish a unified economic registry with the aim of encouraging transparency in economic and financial transactions…. Read More ›