Tag

Anti-Money-Laundering
US tackling shell companies’ money-laundering problem in new Defense Bill   Following persistent criticism of the Financial Action Task Force, regarding the lack of transparency of true owners of US shell companies, the Senate Banking Committee have reached an agreement on anti-money laundering legislation with the support of the American Bankers Association, the Bank Policy...
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UK government clarifies trust registration rules following 5AMLD Her Majesty’s Revenue and Customs (HMRC) has published the outcome of a technical consultation on the implementation of the EU Fifth Anti-Money Laundering Directive (5AMLD) and its impact on trust registration. It has been clarified that offshore trustees entering into a business relationship in the UK will...
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Mass commitment for British Overseas Territories in the opening of beneficial ownership registers With the introduction of the Sanctions and Money Laundering Act 2018, the UK government committed to issue a draft Order in Council before the end of 2020 to enforce the set-up of publicly available beneficial ownership (BOs) registers in all Overseas Territories...
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On July 1st, 2020 Luxembourg’s Parliament passed bill 7216B (the “RFT” Law), implementing the provisions of the EU Directives (EU 2015/849 of Ma1 20th 2015 and EU 2018/843 of May 30th 2018), also known as the 4th and the 5th AML Directives. The subjects of RFT Law will be: All fiducie and express trusts which...
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Seventeen EU member states failing to implement 5AMLD   The European Commission urges 8 member states and the UK to fully transpose the 5th Anti-Money Laundering Directive. Today, the Commission has sent letters of formal notice to Belgium, Czechia, Estonia, Ireland, Greece, Luxembourg, Austria, Poland and the UK for having only partially transposed the 5th...
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Corporate Information

Capital Trustees AG
Trade and companies registry: Zürich No. CHE‑112.645.753
Intra-Community VAT number: CHE‑112.645.753
Registered office: Bleicherweg 50 – 8002 Zürich, Switzerland.

Telephone No.: +41 (0)44 512 5004

Branch office: Via Somaini 10 –
6900 Lugano, Switzerland.

Telephone No.: +41 (0)91 210 5700

Email address:  info@capitaltrustees.ch