by Jyotsna Bucktowar | Nov 28, 2023
The extension aims to facilitate compliance and enhance the creation of a comprehensive BOI database. Reporting companies created or registered in 2024 will have 90 calendar days from the date of receiving actual or public notice of their creation or...
by Jyotsna Bucktowar | Nov 20, 2023
A year after the CJEU decision annulling AMLD5 provisions, journalists and civil society across the EU face restricted access to beneficial ownership information, hindering efforts to expose conflicts of interest and hidden assets…
by Jyotsna Bucktowar | Nov 15, 2023
As the effective date approaches, FinCEN has issued a new rule that specifies the circumstances in which a reporting company may report an entity’s FinCEN identifier in lieu of information about an individual beneficial owner. Once effective, reporting companies...
by AdrianaAMLP | Nov 7, 2023
The rules responds to concerns that incumbent identifiers did not obscure the identities of beneficial owners in a more transparent manner and the need for more clear criteria.
by AdrianaAMLP | Nov 6, 2023
FATF is seeking input on its guidance from companies and other legal persons, FIs, DNFBPs, and non-profit organisations by 8 Dec 2023. The FATF Plenary held in Oct 2023 agreed to release the revised guidance for public consultation and expects to finalise this work at...
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