Canada Alberta proposes to update its trust legislation The Legislative Assembly of Alberta has tabled a Bill proposing to update its current legislation to make the creation and management of trusts more efficient. With the Trustee Act proposed under Bill 12, the Legislative Assembly of Alberta aims to update its legislation in order increase protection...Read More

Peru rules on BO declaration for 2022 and 2023 With the Superintendency Resolution No. 41-2022/SUNAT (Resolución de Superintendencia N° 41-2022), Peru’s National Superintendence of Customs and Tax Administration (Superintendencia Nacional de Aduanas y de Administración Tributaria, SUNAT) has established who must declare ultimate beneficial ownership for the years 2022 and 2023. The provision applies to...Read More

Isle of Man trust law amendments under consultation With the Trust and Trustees Bill 2022, the Treasury of the Isle of Man aims at modernising the Country’s trust legislation in order to provide more certainty and clarity to users, as well as making the jurisdiction more competitive in the provision of trust services. The main...Read More

New Zealand publishes BO registry proposals New Zealand’s government has announced that a Bill requiring companies and limited partnerships to provide accurate information on their beneficial owners to a central government registry will be introduced following a consultation later in 2022. In 2021 the Financial Action Task Force (FATF) released a mutual evaluation review on...Read More