Aug 31, 2023 | Media Release
This Bill, published late yesterday, aligns with the enhanced Recommendation 24 of the Financial Action Task Force (FATF) global standards, ensuring that competent authorities have access to adequate, accurate and current information on beneficial owners of companies....
Feb 15, 2021 | Media Release
As of 1 February 2021, the RoC had levied 19 administrative fines – at a rate of $5,000 per fine – against companies for noncompliance with beneficial ownership (BO) requirements. Head of Compliance Paul Inniss noted that warning letters were sent to the companies...
May 14, 2020 | Industry Advisory
Industry is advised that the official commencement date for the online filing system for beneficial ownership (BO) information is Tuesday, 19 May. The launch of the updated system will entail a phased process. Phase one will be the release of the updated CSV file and...
Apr 20, 2020 | Industry Advisory
Industry is advised that the deadline for beneficial ownership (BO) filings has been further extended to 15 May, with submissions needing to capture the new legal definition for BO. BO filings, previously due Monday, 20 April, can be submitted electronically via the...
