Registry News Weekly - February 17 2025

Registry News Weekly - February 17 2025

Key News in the Registry World This Week

As we move further into 2025, we’re seeing important updates across various sectors, from anti-money laundering compliance and new regulations to major shifts in how businesses are required to report ownership and verify identity. These changes are not only shaping the future of business registration but also influencing global transparency, security, and accountability.

This week, we’re seeing significant updates from around the world in the registry space. Here’s a look at the top stories:

  1. Belgium: 50,000 Companies and NGOs Removed from Anti-Money Laundering Register
    Belgium has removed 50,000 companies and NGOs from its anti-money laundering register due to non-compliance with regulations. Read more

  2. Thailand: Upcoming Changes to Verify Business Premises for Head Office Locations
    Thailand is introducing changes to corporate registration that will require businesses to verify their premises for head office locations. Read more

  3. Luxembourg: Law Reform for Trade and Companies Register (RCS) and Register of Beneficial Owners (RBE)
    Luxembourg has enacted a law reforming its RCS and RBE laws, following a recent ruling by the Court of Justice of the European Union. Read more

  4. Switzerland: Ban on Share Transfers in Shell Companies
    Switzerland has imposed a ban on share transfers in shell companies to combat misuse of these corporate structures for illicit purposes. Read more

  5. US: House Passes Bipartisan Bill to Delay Corporate Transparency Act Deadline
    The US House of Representatives has passed a bill that delays the deadline for compliance with the Corporate Transparency Act, giving businesses more time to report beneficial ownership information. Read more

  6. Ireland: CRO Resumes Involuntary Strike-Off Campaign
    The Companies Registration Office (CRO) in Ireland has resumed its involuntary strike-off campaign for companies that have not met their obligations. Read more

  7. Europe: EC Competitiveness Compass Introduces European Business Wallet
    The European Commission’s Competitiveness Compass introduces the European Business Wallet, aiming to streamline business processes across the region. Read more

  8. Australia: Thousands of Pets May Soon Have ‘Useless’ Microchips
    In Australia, thousands of pets may soon be registered with outdated or “useless” microchips, highlighting a larger issue in the registry system. Read more

  9. UK: New ID Verification Rules Under the Economic Crime and Corporate Transparency Act 2023
    The UK’s Economic Crime and Corporate Transparency Act introduces new ID verification rules that businesses must comply with. Read more

  10. Ukraine: Strengthened Rules for Ultimate Beneficial Owner Reporting
    Ukraine is strengthening rules for mandatory reporting on ultimate beneficial ownership and ownership structure discrepancies. Read more

  11. UK: Dog Breeders May Have to Register with HMRC
    UK dog breeders may soon be required to register with HMRC as part of efforts to regulate the industry. Read more


Stay updated by visiting often our "Registry News Weekly" summary and the Foster Moore blog for more insights on these stories and other key registry news.

 

 



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