January 2014 Newsletter – Transparency & Beneficial Ownership of Legal Persons
Competent authorities should be able to obtain, or have access in a timely fashion to, adequate, accurate and current information on the beneficial ownership and control of companies and other legal persons (beneficial ownership information) that are created in the country. Countries may choose the mechanisms they rely on to achieve this objective, although they should comply with the minimum requirements set out below
Read MoreDecember 2013 Newsletter – The Year In Review
Effective January 2013 all Corporate Service Providers were advised to submit a Certificate of Good Standing from the Registrar of Local Companies as a condition for renewal of their Registered Agent licenses.
Read MoreNovember 2013 Newsletter – Customer Due Diligence (CDD) cont’d
When performing elements (a) and (b) of the CDD measures specified under Recommendation 10, (identified on pg 1 of last month’s issue) financial institutions should also be required to verify that any person purporting to act on behalf of the customer is so authorised and should identify and verify the identity of that person.
Read MoreOctober 2013 Newsletter – Customer Due Diligence (CDD)
Financial institutions should be prohibited from keeping anonymous accounts or accounts in obviously fictitious names.
Read MoreSeptember 2013 Newsletter – Mutual Exchange of Information on Taxation Matters
The purpose of the Saint Christopher and Nevis (Mutual Exchange of Information on Taxation Matters) Act, 2009
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