News

France's trust ownership register to be made public

During the G20 & IMF meeting, French authorities have announced plans to publish the register of beneficial ownership of trusts that was established in 2013, this means that all Beneficial Owners will be public.


After months of speculation, the US Treasury has announced the new procedure for Customer Due Diligence (CDD), which will impose new obligations on financial institutions in America to identify the Beneficial Ownership of all corporate clients, and directly pass these details on to the Department of Justice.


US Court rules against FATCA disclosures

The US government has supported the dismissal of a case bringing several challenges to the FATCA (Foreign Account Tax Compliance Act) and the FBAR (Report of Foreign Bank & Financial Accounts) regimes.