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...
by Jyotsna Bucktowar | Oct 19, 2023
The amendments accelerate the filing deadlines for initial and amended beneficial ownership reports on Schedules 13D & 13G. The final rules are intended to improve transparency and provide more timely information for shareholders and the market…
by AdrianaAMLP | Oct 12, 2023
The revisions concerns guidelines on beneficial ownership and have been submitted to HM Treasury for Ministerial approval.
Recent Comments