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’s 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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Hong Kong – SFC Unit Trust, Mutual Fund
On 10 June 2019, HK SFC issued new FAQs on unit trusts and mutual funds. Questions are on implementation and transitional arrangements of UT code.
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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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