This legislation was introduced to comply with a European Union (EU) Anti-Money Laundering Directive that is aimed at increasing transparency with respect to real ownership of corporate entities.

Malaysia has introduced legislation to update its Companies Act and replace the existing Act of 1965 that will introduce major changes to the Malaysian corporate law and regulations.

The Cayman Islands and Bermuda have enacted legislation to allow for the formation of LLCs modeled on the Delaware Limited Liability Company Act, providing welcome familiarity to clients and their advisors.

The international financial services and corporate community has spent a significant amount of time and resources in recent years to become compliant with the Foreign Account Tax Compliance Act (FATCA).