Sentences with phrase «beneficial owners of assets»

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.

This person is the beneficial owner of the assets — they enjoy the benefit of owning the property even though it is registered in title to the trustee.

The minor child is the beneficial owner of the assets, while a trusted adult — the trustee — maintains legal authority over the account during the beneficiary's childhood.

Not exact matches

While the beneficial ownership issue for the Stock Connect has been largely clarified by the CSRC, a large number of investors, such as MSCI's asset owner clients, use separate accounts as their primary investment channel.

This can be beneficial in situations where the owner (s) of the corporation do not want to liquidate the assets themselves.

The EITI recommends that companies which bid for, operate and invest in extractive industry assets publish the identities of ultimate beneficial owners.

Rebecca Wales Qualified: 2005 Made partner: 2016 Key cases: Acting for State Corporation Deposit Insurance Agency, the liquidators of JSC Mezhdunarodniy Promyshlenniy Bank, to bring claims and obtain a worldwide freezing order against Sergei Pugachev, the bank's former ultimate beneficial owner, freezing # 1.17 bn of his assets.

'' The law states that, where a parent makes a gratuitous transfer of assets to an adult child, there is a presumption of a resulting trust, such that the child is presumed not to be the beneficial owner, but rather to hold the assets as a trustee for the parent.

Instead, there are two bases of claim in the Lithuanian Civil Claim, namely (1) a claim for in personam relief under the law of unjust enrichment because there was no commercial justification for the various transactions, seeking the reversal of that unjust enrichment; and (2) a claim for a declaration that the various transfer instructions were null and void and that Snoras remains the beneficial owner of the relevant assets; this is said to be a claim for an in rem (or proprietorial) remedy.»

Managing assets does not include property management conducted by the beneficial owner of an IRA or a company owned more than 50 % by the beneficial owner of real or personal property in the IRA.