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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 meant they had to send a copy of that list to the Accounting and Corporate Regulatory Authority (AC...