Sentences with phrase «bearer shares»

Where Panama is different to many offshore jurisdictions is the ability to register a sociedad anonima («anonymous society») or bearer share corporation.

EBC and the Easter Bunny (though you find very little information on the anonymous New Mexico LLC which owns an anonymous Nevada corporation with bearer shares which finally owns EBC, LLC, nominally headquartered in Delaware) are clearly engaged in business.

EBC and the Easter Bunny (though you find very little information on the anonymous New Mexico LLC which owns an anonymous Nevada corporation with bearer shares which finally owns EBC, LLC, nominally headquartered in Delaware) are clearly engaged in business.

The level of due diligence is proportional to the level of risk — this includes knowing the identity of customers, of the beneficial owner, not using bearer shares, keeping a register of ownership;

@notstoreboughtdirt - yes, it is also about bearer shares.

For this question, bearer shares issue is just an example and I am interested in an estimation of how much a less compliant country might delay implementing a directive before facing real serious consequences.

Some of the special services we offer is custodial services for bearer shares and documents, mail forwarding, call handling, bank account introductions and administration, corporate searches and filings, assistance with special licensing procedures with offshore mutual funds, offshore banks, offshore insurance companies under the Belize law.

AMG Global Nominees (Private) Ltd v Africa Resources Ltd [2009] 1 BCLC 281 (CA); [2008] 1 BCLC 447 (Ch D) Acted for the claimant / Part 20 defendant in a dispute concerning title to bearer share warrants.

For example, the ultimate beneficial owner (UBO) of an offshore structure headed by an offshore trust or owned through bearer shares may not have previously been known to the finance professional.

The note mentions Dragnea as the major holder of the bearer shares in Tel Drum SA.

I have recently watched an interview with Ana GOMES about how Portugal ended the bearer shares (besides other changes) as a result of implementing the 4th EU Anti-Money Laundering Directive.

«Apart from the use of the bearer share corporations it is difficult to see how the current furore gives rise to any particular reporting or due diligence obligations over and above those that already existed or are appropriate and other similar offshore low tax jurisdictions such as those regulated under UK supervision.»