The guidance explains requirements to obtain adequate, accurate and up-to-date UBO information for express trusts and similar legal arrangements.
March 12, 2024The GIFT City regulator has specified criteria for individuals, sole proprietorships and other investment entities who can be deemed accredited investors.
January 30, 2024The UK government seeks feedback on options for improving transparency of land ownership involving trusts.
December 29, 2023The guidance will support implementation of the revised Recommendation 25, to help address risks from trusts or similar legal arrangements.
November 1, 2023The revisions lower the shareholding threshold for partners of a firm to be considered as beneficial owners from 15 to 10 percent, among other changes.
October 18, 2023Expanding market connectivity to include REITs will increase Hong Kong’s attractiveness and promote the internationalisation of the Mainland capital market.
October 13, 2023The biggest reason for missing or inaccessible information on beneficial owners is the use of trusts, according to new research.
September 8, 2023The proposed framework would enhance beneficial ownership transparency and make lawyers, consultants and accountants responsible for AML checks.
August 31, 2023FPIs are required to provide information on persons with ownership, economic interest or control in an FPI.
August 14, 2023The guidelines tighten the definition of beneficial ownership and require risk assessments before launching new products and services.
June 20, 2023