National legislators are increasingly adopting international anti-money laundering and counter terrorist financing standards into their companies legislation to make the ownership and control of business entities more transparent and reduce opportunities for the misuse of corporate entities for illicit purposes.
Our comparative survey of pending requirements to disclose beneficial ownership in Hong Kong and current requirements in Singapore, Switzerland and the United Kingdom will assist companies which intend to:
- set up subsidiaries across several jurisdictions or maintain a presence in multiple countries; and
- undergo restructurings or undertake mergers or acquisitions and joint ventures.
For more information, you can download the full alert here.