Foster MooreMay 12, 2022
In-person conferences are back and we couldn’t be more excited. We’re starting conference season with some of the Foster Moore team heading to the 45th International Association of Commercial Administrators (IACA) Conference in Phoenix next week (May 15 – 19).
We are proud to be platinum sponsors of this event and are excited about this year’s theme – Business Registries from A to Z. As global leaders in registry solutions, Foster Moore brings international and United States-specific experience to the provision of business services.
Our first fully online registry was developed in 1996: since then we’ve built over 30 different types for over 20 business registries internationally. Verne® – our Registry Aware® solution powers some of the most modern and innovative business registries across the globe.
At this event, there will be sessions on the Corporate Transparency Act, business identity theft…
Foster MooreApril 29, 2022
Countries around the world are committing to the introduction, or strengthening, of beneficial ownership transparency. The publication of the names of the real owners of companies, trusts and land increase trust in economies and make it harder for criminals, terrorists or tax-evaders to hide behind corporate structures.
The invasion in February 2022, of Ukraine by Russia, and the global call for sanctions on the billionaires who have enabled the invasion has bought the need for registers of beneficial ownership into focus. The ability to understand who owns a piece of property or a shell company is critical to the enforcement of these sanctions.
Many jurisdictions have been on the path of policy reform and legislation to enable these changes. The speed of these changes has varied. The current crisis has spurred action, and many…
Foster MooreApril 6, 2022
Around the world strengthening director identification, and the use of director identification numbers, has been on the cards for some time.
As the world connects and more business is done globally, there is a growing mandate to increase integrity, transparency, and trust in registry data.
Identification of directors is a key component, sitting alongside the challenge of identifying the true owners of a company (beneficial owners).
This paper looks at the challenges around director identification using the Australian lens and introduces the response the Australia Taxation Office (ATO) is implementing to address those challenges.
The case for reform
Being a director is a vital role.
Directors are responsible for oversight of the affairs of the company. They must comply with legal obligations, must be up to date on what the company is doing, must not use their position as…