Blog

British Prime Minister Cameron eloquently announced the end of beneficial ownership secrecy, and has been pushing for a public central registry of beneficial ownership which seems to be getting traction in the legislative process in the UK.

A Chinese company wishes to raise capital in the US. The US investors wish to invest in the Chinese company. The Chinese regulators do not allow the company to sell shares directly into the US markets, so the company creates an entity that, while it does not hold the assets of the company, has a right to all future...

Delaware has more registered companies than people. Less than 0.3% of the US population and two-thirds of the 500 largest US companies call the State their home.

FATCA and its progeny have spawned a raft of intergovernmental agreements (IGAs) promising transparency to tax authorities around the world. Not to be outdone, prime minster David Cameron is pushing for beneficial ownership registries for the UK, the Crown Dependencies and the Overseas Territories.

The Financial Conduct Authority (FCA), one key regulator in the UK, recently published a list of what they consider High Risk Countries for illicit flows of money.