Discover how non-objecting beneficial owners (NOBOs) enable direct communication with issuers and simplify shareholder interactions by releasing personal information.

The Securities and Exchange Commission says: 'corruption, money laundering, and terrorist financing, arises from the lack of transparency of beneficial ownership of such corporate vehicles' ...

On November 16, 2023, the Financial Crimes Enforcement Network (FinCEN) released a document titled "Beneficial Ownership Information Reporting: Frequently Asked Questions." This publication provides ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Two weeks after it opened the platform for beneficial ownership information (BOI) reports, FinCEN has offered more clarity on issues ranging from company applicants to identification documents. Two ...

Almost without fail, anonymous companies and trusts appear at the centre of major cases of corruption, money laundering and tax evasion. Such secretive structures serve as tools to divert critical ...

The coming year ushers in new federal requirements for millions of U.S. businesses to report their ownership and any future changes. The bipartisan Corporate Transparency Act that takes effect Jan. 1 ...

More than two million corporations and limited liability companies are formed each year in the United States, yet U.S. states do not generally require disclosure of beneficial ownership information ...

MANILA, Philippines — The Securities and Exchange Commission (SEC) is set to introduce reforms for greater transparency in corporations’ beneficial ownership. To push for greater transparency, the SEC ...

Riding a wave of ownership disclosure momentum begun with passage of the federal Corporate Transparency Act (CTA), New York's Legislature recently passed the state's own "LLC Transparency Act" ...