Category Archives: News

Canada – BC Beneficial Owners

On 12 June 2019, CAN BC GVT reported AML corporate transparency. Issued release in advance of 13 June special meeting focusing on AML strategies. Will feature BC world-leading legislation to end hidden corp beneficial ownership. Considered single most important measure to combat laundering, and tax crime. Highlighted how BC efforts could be replicated across all…
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U.K. – CMA Paypal/iZettle Takeover

On 12 June 2019, UK CMA confirmed it had cleared PayPal‚Äôs completed takeover of rival mobile payments company iZettle after an in-depth, Phase 2, investigation. While iZettle and PayPal are 2 of the largest suppliers of mPOS devices, the firms' customers are also willing to switch to more traditional style point of sale devices. Two…
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U.S. – Treasury Foreign Owner Securities

On 10 June 2019, US Treasury notified it's conducting mandatory survey. US Treasury announced mandatory survey of foreign ownership of US securities. The survey covers foreign ownership of US securities as of 30 June 2019. Survey is authorized by international investment and trade in services survey act. Applicability Applies to US persons, who meet reporting…
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