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EU: ECOFIN to blacklist the US as non-cooperative jurisdiction?

www.gmlaw.com/news/european-blacklist-status-may-hit-home/ www.ey.com/uk/en/services/tax/ey-midweek-tax-news-2018-5-22 www.consilium.europa.eu/en/policies/eu-list-of-non-cooperative-jurisdictions/ www.europarl.europa.eu/thinktank/en/document.html?reference=IPOL_STU%282018%29604967 See also: goo.gl/8YY6sL goo.gl/7jNh1F Update: EU Blacklist Updated on 20 February 2024 – No New Jurisdictions Added and Bahamas, Belize, Seychelles and Turks and Caicos removed 0
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European Union, Information Exchange, Transparency, US Information Exchange, Transparency, US

US: FinCEN provides exceptive relief from new Beneficial Ownership rule

www.jdsupra.com/legalnews/tackling-the-challenges-of-complying-88134/ www.jdsupra.com/legalnews/fincen-provides-exceptive-relief-from-81746/ www.jdsupra.com/legalnews/customer-due-diligence-and-fincen-s-43077/ www.shearman.com/perspectives/2018/05/fincens-customer-due-diligence-rule www.law.cornell.edu/cfr/text/31/1010.230 www.mofo.com/resources/publications/180516-customer-due-diligence.html Click to access SC_Publication_FinCEN_Issues_Frequently_Asked_Questions_Regarding_Customer_Due_Diligence_Requirements.pdf www.manatt.com/Insights/Newsletters/Financial-Services-Law/AML-News-FinCEN-Issues-Exceptions-to-Beneficial-Ow goo.gl/eYmYWP Click to access FinCEN%20Ruling%20CD%20and%20Loan%20Rollover%20Relief_FINAL%20508.pdf See also: goo.gl/RHvcJR goo.gl/qwTZj1 www.sidley.com/en/insights/newsupdates/2018/06/complying-with-fincen-customer-due-diligence-rulehttps://www.manatt.com/Insights/Newsletters/Financial-Services-Law/AML-News-FinCEN-Issues-Exceptions-to-Beneficial-Ow www.fredlaw.com/news__media/2018/09/04/1949/what_to_expect_under_the_new_fincen_beneficial_ownership_rule Update: www.fincen.gov/news/news-releases/extension-limited-exception-beneficial-ownership-requirements-legal-entity 0
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Information Exchange, Ownership, Transparency, US Information Exchange, Singapore, South Korea, Tax Information Exchange Agreement, Transparency

UK: HMRC clarifies non-UK trust registration holding UK Real Estate

www.burges-salmon.com/news-and-insight/legal-updates/trusts-register-hmrc-gives-clarification-on-non-uk-trusts-holding-uk-residential-property/ www.macfarlanes.com/what-we-think/in-depth/2018/non-resident-cgt-new-regime-for-real-estate-funds/ Trusts in your UK property ownership structure? Remember to register with the UK Trust Registration Service www.birketts.co.uk/insights/legal-updates/registration-of-ownership-uk-overseas-entities PRIVACY AND PROPERTY – Recent legal developments increase the transparency of non-UK trusts and structures holding interests in UK property Progress on the Register of Overseas Entities Register of...
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Real Estate, Transparency, Trusts, UK

UK: Overseas Territories must introduce public company registers

www.osborneclarke.com/insights/public-beneficial-ownership-registers-coming-to-caymans-bvi-and-bermuda/ www.whitecase.com/publications/alert/transparency-territories-public-ownership-registers-cayman-bermuda-and-bvi goo.gl/bknq3P www.out-law.com/en/articles/2018/may/overseas-territories-public-company-registers/ www.mishcon.com/news/articles/transparency-update-may-2018-uks-overseas-territories-must-make-ownership-of-companies-public-by-2020 bvifinance.vg/language/en-GB/News-Resources/ArticleID/1976/BVI-Finance-Remains-Optimistic-about-the-Future-of-its-Industry goo.gl/j5opF7 www.ifcreview.com/viewnews.aspx?articleId=12777 www.financierworldwide.com/uk-targets-overseas-territories-transparency#.W4aYkGcUmUn data.parliament.uk/writtenevidence/committeeevidence.svc/evidencedocument/foreign-affairs-committee/the-future-of-the-uk-overseas-territories/oral/94446.html gowlingwlg.com/en/insights-resources/articles/2022/uk-register-of-overseas-entities-are-you-ready/ Click to access registration-of-overseas-entites-holding-uk-property-(3).pdf 0
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Bermuda, British Virgin Islands, Cayman Islands, Information Exchange, Transparency, UK Banking, Transparency, Ukraine

UK: Public register of Beneficial Owners of Real Estate to go live in 2021

www.blplaw.com/private-wealth/insights-resources/blog-post/public-register-of-beneficial-owners-of-uk-real-estate-to-go-live-in-2021 www.collascrill.com/news/updates/uk-residential-property-beneficial-ownership-register-to-go-live-in-2021/ www.dentons.com/en/insights/alerts/2018/march/26/beneficial-ownership-register-for-uk-property-the-government-responds insights.collyerbristow.com/post/102f274/uk-property-held-through-a-company-may-face-increased-scrutiny www.rossmartin.co.uk/sme-tax-news/3971-now-register-non-resident-companies-for-corporation-tax www.withersworldwide.com/en-gb/registration-of-owners-of-uk-property-and-privacy-issues-for-trusts www.rpc.co.uk/perspectives/rpc-big-deal/uk-property-big-tax-changes-for-non-uk-residents/ goo.gl/gxh1Ng www.bclplaw.com/en-GB/thought-leadership/registration-requirements-uk-real-estate-non-uk-investors.html www.boodlehatfield.com/the-firm/articles/extension-of-trust-register-requirements/ www.bclplaw.com/en-US/thought-leadership/registration-requirements-uk-real-estate-non-uk-investors.html home.kpmg/uk/en/home/insights/2018/08/tmd-register-of-beneficial-owners-of-overseas-entities-owning-uk-land.html bit.ly/2moaiia www.burges-salmon.com/news-and-insight/legal-updates/tax/uk-real-estate-and-the-register-of-foreign-owners-new-registration-requirements/ www.osborneclarke.com/insights/new-beneficial-ownership-register-overseas-entities-holding-uk-real-estate-10-things-you www.engage.hoganlovells.com/knowledgeservices/news/ready-steady-register-new-uk-beneficial-ownership-register www.mourant.com/news-and-views/updates/updates-2022/registration-of-overseas-entities-holding-uk-property.aspx Progress on the Register of Overseas Entities Register of Overseas Entities: How it affects land transactions www.lawsociety.org.uk/topics/property/register-of-overseas-entities-coming-into-force-on-1-august-how-property-lawyers-can-comply www.taylorwessing.com/en/insights-and-events/insights/2022/07/register-of-overseas-entities Register of Overseas Entities: a practical summary for lenders – TLT LLP blog.burges-salmon.com/post/102i7th/hmrc-disclosures-and-the-register-of-overseas-entities...
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Ownership, Real Estate, Transparency, UK Corporate Law, Indonesia, Information Exchange, Ownership, Transparency European Union, Information Exchange, Tax Information Exchange Agreement, Transparency