Citco’s Global Solution for Maintenance of UBO Registers

The legal regulations on the disclosure of the Ultimate Beneficial Owner (UBO) continue to be introduced globally. In spring 2019, we highlighted that over 25 countries in Europe had followed the 4th EU Anti Money-Laundering Directive and implemented UBO reporting requirements in domestic legislation (Erikas Sareika “UBO reporting requirements in Europe”, GSGS Focus, Spring 2019).

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Maintaining corporate governance during COVID-19

As COVID-19 (SARS-CoV-2) has spread, it has not only changed the way we interact with each other but has also brought legal norms and laws into the spotlight that are not part of day-to-day business. A key question that arises is how to ensure a company’s operations meet corporate governance requirements during these complicated times.

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Mexican Tax Authorities Increase Scrutiny of Portfolio Entities and Company Transactions

2020’s fiscal overhaul in Mexico – the most aggressive in recent years – has significantly impacted the way business is done in the country. In the context of global subsidiary governance, it has had a particularly large effect on the rules that apply to supervising bodies regarding the transactions companies perform, contracts they execute and associated compliance requirements.

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