The Global Legal Entity Identity Foundation has developed a system where every ‘legal entity’ is requested to register and acquire a unique identification number – a Legal Entity Identifier (LEI) - before it can trade on financial markets. It seems that Trusts were not carefully taken into consideration, though.

A Shareholders Agreement is essentially a legally binding contract established and agreed between the founding Shareholders of a company. It can arise in a number of circumstances, but typically they are used to manage issues appropriately and rules regarding the transferal of shares in a Private Limited Company, or in a joint start-up to regulate the relationship between the founding members.

The Financial Action Task Force’s actions to combat de-risking

The Financial Action Task Force (FATF) has issued an online statement concerning their efforts to combat de-risking. It is divided into four areas of concern, which aim to simultaneously raise awareness & prevent any anti-money laundering and terrorism counter financing risks.

Everything you need to know about the Automatic Exchange of Information

From the 1st of January 2016, the Automatic Exchange of Information (AEOI) is coming into effect. Companies from some jurisdictions have approximately 5 months to arrange their financial affairs which means business owners and compliance officers will be ensuring their businesses are adhering to the new regulations.