The United States Corporate Transparency Act (“CTA”) of 2021
Fanny Evans, Senior Associate, Morgan & Morgan What is the CTA? The CTA was enacted on January 1st, 2021 as part of the National Defense Authorization Act to prevent the use of companies to evade anti-money laundering rules or to hide other illegal activities. Under the CTA companies will be required to report information regarding
- Published in 2020, Corporate Services_news, Estate Planning_news, Fanny Evans, Publications
The philosophy behind the successful Economic Substance Regime of the BVI
Following the introduction in the British Virgin Islands (BVI) of the Economic Substance (Companies and Limited Partnerships) Act, 2018 (ESA), which became effective on January 1st, 2019, some questioned the sustainability of BVI’s position as a leading international financial centre. While we cannot underestimate those concerns, we believe that there is also evidence that ESA
- Published in 2020, Corporate Services_news, Estate Planning_news, Fanny Evans, Publications
The importance of having a data-protection compliance program
Fanny Evans, Senior Associate, Morgan & Morgan In 2013, Virginia Ginni Rometty – CEO of IBM, said “I would like you to think of big data as the next natural resource that can be to our era what steam, electricity and oil were for the Industrial Age.” Probably, you have read or heard: Data is
- Published in 2019, Estate Planning_news, Fanny Evans, Probono, Publications, startups_resources
The Bahamas: Economic Substance Legislation
Fanny Evans, associate at Morgan & Morgan The Bahamas has passed legislation requiring that certain legal entities carrying on relevant activities have to demonstrate adequate economic substance in said jurisdiction. The beneficial owners of any company or limited partnership incorporated, registered or continued in The Bahamas should be aware of this legislation and consider how
- Published in 2019, Corporate Services_news, Estate Planning_news, Fanny Evans, Press Room, Publications
BVI: Economic Substance Legislation
Fanny Evans, associate at Morgan & Morgan The British Virgin Islands (BVI) has passed legislation requiring certain legal entities carrying on relevant activities to demonstrate adequate economic substance in the BVI. The owners of any company or limited partnership registered or incorporated in the BVI should be aware of this legislation and consider how they
- Published in 2019, Estate Planning_news, Fanny Evans, News
BVI Private Trust Companies
By Fanny Evans, Executive Director and General Manager of MMG Trust (BVI) Corp. Since the introduction of the Private Trust Company (PTC) in the BVI, this vehicle has become attractive to act as the Trustee, Protector or Administrator of a trust without the need to apply for an exemption or to apply for a trust license
- Published in Corporate Services_news, Estate Planning_news, Fanny Evans, Publications
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