An expert Q&A on the US Department of the Treasury’s Financial Crimes Enforcement Network’s (FinCEN’s) interim final rule ...

Despite bipartisan support and backing from bank trade groups, the Treasury scrapped a corporate ownership reporting rule ...

Proposed amendments to Sri Lanka’s Companies Act of 2007, mandating the creation of public beneficial ownership registers, ...

Two significant provisions under this law are Section 89 and Section 90, which deal with the concepts of Beneficial Interest and Significant Beneficial Ownership (SBO) respectively. While these terms ...

Director General of the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA), Edwin ...

Small business owners may be breathing a sigh of relief after a rollback of a controversial reporting rule, but the issue ...

In 2023, the Securities and Exchange Commission (the “SEC”) adopted amendments and issued guidance to modernize the rules governing beneficial ownership reporting under Sections 13(d) and 13(g) of the ...

This beneficial ownership information (BOI) reporting requirement proved an administrative and legal nightmare. The law targeted small- and medium-sized businesses; all companies over 20 employees and ...

As ministers search for cuts, a new parliamentary report reveals the hundreds of billions of pounds that could be clawed back into the UK's flagging economy ...

Riza Chalid, also known as the "Godfather of Gasoline," has evaded the law throughout his career in the country's oil ...

Why beneficial ownership verification still falls short Despite regulatory focus, beneficial ownership verification remains a sticking point in KYC and onboarding processes.

Riza Chalid consistently fails to attend three summonses from the AGO investigators. The Gasoline Godfather is known to be ...