Thirty-two countries are now participating in the pilot begun by the UK, Germany, France, Italy and Spain for automatic exchange of beneficial ownership information in relation to companies, trusts, foundations, shell companies and other relevant entities. The participating countries have issued a joint statement, committing ‘as soon as is practicable’ to automatic exchange and the establishment of a system of interlinking registers bound by a new global standard. See www.bit.ly/1SIwnOS.
Thirty-two countries are now participating in the pilot begun by the UK, Germany, France, Italy and Spain for automatic exchange of beneficial ownership information in relation to companies, trusts, foundations, shell companies and other relevant entities. The participating countries have issued a joint statement, committing ‘as soon as is practicable’ to automatic exchange and the establishment of a system of interlinking registers bound by a new global standard. See www.bit.ly/1SIwnOS.
