If the statutory definition is fulfilled, the ultimate beneficial owners determined thereby will automatically be entered in the UBO records (by way of a one-time relabeling of the existing entries).

A nuanced, clearly defined approach to beneficial ownership is essential, one that preserves the integrity of the tax system ...

The new definition creates five broad classes of beneficial owners of a trust, namely: a natural person who, directly or indirectly, ultimately owns the relevant trust property; a natural person ...

The sub-committee was told that any person who directly or indirectly maintains 25% ownership of a company comes under the category of ultimate beneficial owner of the company.

According to Luxembourg's anti-money laundering law, a beneficial owner is someone who ultimately owns or controls an entity through direct or indirect ownership of more than 25% of shares or ...

Under this act, all businesses that fall under the definition of a reporting company must file a beneficial ownership information report (BOIR) with the Financial Crimes Enforcement Network (FinCEN).

The new rules, notified on Tuesday, have tweaked the ‘beneficial ownership’ definition where any entity having shareholding of 10% or more in any company or trusts will now be considered as ...

An LLC formed or authorized to do business in New York will be exempt from having to file the beneficial ownership disclosure if it meets one of the 23 exemptions (or 24 exemptions, considering ...

According to Luxembourg’s anti-money laundering law, a beneficial owner is someone who ultimately owns or controls an entity through direct or indirect ownership of more than 25% of shares or voting ...