Sentences with phrase «beneficial owner»

According to this, if the insured mentions his spouse, parents, or children as nominees in a policy, they automatically become beneficial owners of the claim benefits.

All trades tracked by beneficial owner; makes tracking manipulation easier.

Our understanding is that the current quota systems register ownership under the name of manager rather than the ultimate beneficial owners.

They could thus apply the old rules which did not require them to declare beneficial owners.

According to existing Mainland practices, Hong Kong and overseas investors as beneficial owners of SSE securities traded via Shanghai - Hong Kong Stock Connect can not appoint proxies to attend shareholders» meetings on their behalf.

Whether DST or its trustee is an agent of DST's beneficial owners depends upon the arrangement between the parties.

However, one new standard may be relevant to some issuers — their responsibility to obtain the omnibus proxy from CEDE & Co. for beneficial owners holding through U.S. intermediaries and provide it to the tabulator.

Turn to page 31 in a recent proxy statement, read the section, Common Stock Ownership of Certain Beneficial Owners and Management, and you see that co-founders Larry Page, currently CEO, and Sergey Brin hold 51.1 percent of all voting power between them.

Nexia would tell Mossack Fonseca the name of the ultimate beneficial owner only in a Skype call.

Interviewed by Robert Cribb from The Toronto Star concerning tax reform including beneficial owner reform by British Columbia, February 20, 2018.

Companies must be checking the identity of customers, particularly those from high - risk countries, and ensure they have ongoing monitoring in place to identify the true beneficial owners of assets, be those physical or digital.

Under the new regulations, details of which were released by the government last week, law firms will need to make major changes to how they undertake customer due diligence, in particular, how firms conduct money laundering checks, identify beneficial owners, and perform ongoing monitoring of business relationships.

AND, if your wife files Married Filing Separately, then if she is not beneficial owner, she would not be required to declare income from securities in that account.

For instance, if you nominate your children, spouse, father or mother in an insurance policy, they become beneficial owners of the claim proceeds.

Note that the term beneficial owner includes most people connected to a trust including the settlor, trustees, beneficiaries and any individual who has «control» over the trust.

Download the Business Visa Debit Card Agreement Business Membership & Account Agreement Business Account Card (Blank) Certification Regarding Beneficial Owners of Legal Entity Members Authorization Designation (Blank) Truth - in - Savings Disclosure (Business Savings & Checking Accounts) Truth - in - Savings Disclosure (Business Certificate Accounts) Funds Availability Policy Privacy Notice

information about beneficial owners, if the person who purchases or acquires the land is acting as a trustee, nominee or in a similar capacity.

However Global Witness» view is that this deal is corrupt because it represents the monetisation of a valuable Nigerian state asset which was corruptly awarded by a former oil minister to a company he was a hidden beneficial owner of at the time.

A new bill is now before Congress proposing to change the process by which federal leasing agencies, including the GSA, gather information on the actual beneficial owners of foreign - owned real estate.

Transaction amendment for same beneficial owners NSF cheque Stop payment Standard Estate processing5 Cheque request Handling Fee8 Internal Transfer Fee9

Two years later, former Prime Minister David Cameron unveiled the planned new rules, aimed at making Britain the first major financial center to insist beneficial owners are declared.

The new bill will add provisions requiring incorporation agents who sell shelf companies to provide beneficial owner data, said a Senate aide familiar with it.

The anonymity afforded the shares» beneficial owners further attenuates their relationship to the companies whose shares they own.

Radius Health (RDUS)- Beneficial owner Biotech Growth NV continues to add to its stake, this time scooping up 40,000 shares and bringing its total stake to over 6 million shares.

After filing the preliminary proxy statement on June 2, 2014, concerns surfaced that Allergan might characterize efforts to obtain the required 25 % shareholder threshold for calling a special meeting as triggering the 10 % Beneficial Owner threshold in the Rights Plan.

Note that Since March 2009 it is the policy of the ACSA (Australian Custodial Services Association) not to offer Share Purchase Plans Events (SPP) to underlying beneficial owner clients and thus Saxo Bank can not participate in such events.

a lump sum payment you received on surrender of an insurance policy (for mortgage protection, terminal illness or a permanent injury occurring at work) where you are the original beneficial owner of the policy.

W is the sole beneficial owner of Arzal, the second claimant (A).

Conducting KYC to effectively identify high - risk beneficial owners of complex entities is skilled and complicated work, to say the least.

The indictment described Vinnik as the owner and operator of multiple BTC - e accounts, including administrator accounts, and also a primary beneficial owner of BTC - e's managing shell company, Canton Business Corporation.

Sonangol explains its relationship with Dokolo and identifies the ultimate beneficial owners of Exem Holding, who are currently unknown to the public.

An IRS W8 - BEN form is a Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting purposes.

Lawyers can also make it difficult to determine who is the actual beneficial owner of a corporation, says Johnson.

In terms of disclosure, UWOs require proof of legitimate sources of wealth and the disclosure of owners, including beneficial owners, shareholders, trustees, etc. or the property or asset subject to the UWO.

The push from governments around the globe to identify and register beneficial owners of assets, corporations and other structures leads to many uncertainties and requires a careful review and, if need be, adjustment of the existing estate and wealth planning of our clients.

You can go to a place like Panama or the British Virgin Islands or Delaware or Nevada and usually the places where you're doing it have tough laws where they will not reveal who the beneficial owner is and they just layer on different aspects of anonymity.

Lawfirm Shoosmiths advised clients filing early would simply be a way «to postpone dealing with a new and unfamiliar CS01 form» — a reference to the statement of beneficial owner.

«It is perfectly legitimate for a company to have no beneficial owners and we do not verify such statements when they are submitted to us.»

The beneficial owners of SP Trading were not sanctioned by any government and neither was Taylor in relation to his company formation activities.

If you are a beneficial owner of shares held in street name and wish to vote in person at the Annual Meeting, you must obtain a «legal proxy» from the organization that holds your shares.