Registrable Controllers News Today

12 people charged with allegedly abetting foreign scammers in laundering nearly $49 million Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.

12 persons were charged in court on 1 June 2023

The local nominee directors allegedly allowed company bank accounts to be operated by these foreign agents. Read more at straitstimes.com.

This article reviews the wealth structuring options and applicable regulations in Singapore, including available structures and their distinct advantages and disadvantages, with particular regard to recent developments.

The Singapore Parliament recently passed the Corporate Registers (Miscellaneous Amendments) Act, which seeks to amend the Companies Act 1967 and the Limited Liability Partnerships Act 2005 to strengthen Singapore’s corporate governance regime and improve the transparency and beneficial ownership of companies and limited liability partnerships.

The Singapore Parliament recently passed the Corporate Registers (Miscellaneous Amendments) Act, which seeks to amend the Companies Act 1967 and the…

Singapore resumes requirement to list companies beneficial owners Out-Law News | 09 Feb 2021 | 2:38 am | Singapore has reopened the system through which it requires companies to identify their beneficial owners to a regulator. They must do this by June or face $5,000 fines.  Companies and limited liability partnerships (LLPs) have been required to keep a list of their beneficial owners in a Register of Registrable Controllers (RORC) since 2017. Last July a new requirement was introduced that ...