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Beneficial Ownership
In domestic and international commercial law, a beneficial owner is a natural person or persons who ultimately owns or controls an interest in a legal entity or arrangement, such as a company, a trust, or a foundation. Legal owners (i.e. the owners on the record), commonly described as the " registered owners", may hold those interests as beneficial owners or for the benefit of someone else, in which case they may be described as a "nominee". Beneficial owners hold specific property rights ("use and title") in equity belong to a person even though legal title of the property belongs to another person. Beneficial owner is subject to a state's statutory laws regulating interest or title transfer. This situation commonly occurs when the person who holds the legal title to a property or asset is considered to have inherent responsibilities similar to those of a trustee towards the individual who benefits from or has an interest in the property. A common example of a beneficial owner ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Law
Commercial law (or business law), which is also known by other names such as mercantile law or trade law depending on jurisdiction; is the body of law that applies to the rights, relations, and conduct of Legal person, persons and organizations engaged in commerce, commercial and business activities. It is often considered to be a branch of Civil law (common law), civil law and deals with issues of both private law and public law. Commercial law includes within its compass such titles as principal and agent; carriage by land and sea; Maritime transport, merchant shipping; guarantee; marine, fire, life, and accident insurance; bills of exchange, negotiable instruments, contracts and partnership. Many of these categories fall within Financial law, an aspect of Commercial law pertaining specifically to financing and the financial markets. It can also be understood to regulate corporation, corporate contracts, Recruitment, hiring practices, and the manufacturing, manufacture and sa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FinCEN
The Financial Crimes Enforcement Network (FinCEN) is a bureau within the United States Department of the Treasury that collects and analyzes information about financial transactions to combat domestic and international money laundering, terrorist financing, and other financial crimes. Mission FinCEN's stated mission is to "safeguard the financial system from illicit activity, counter money laundering and the financing of terrorism, and promote national security through strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence." FinCEN serves as the U.S. Financial Intelligence Unit (FIU) and is one of 147 FIUs making up the Egmont Group of Financial Intelligence Units. FinCEN's self-described motto is " follow the money." It is a network bringing people and information together, by coordinating information sharing with law enforcement agencies, regulators and other partners in the financial industry. History FinCEN was e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Border Services Agency
The Canada Border Services Agency (CBSA; , ''ASFC'') is a federal law enforcement agency that is responsible for border control (i.e. protection and surveillance), immigration enforcement, and customs services in Canada. The CBSA is responsible to Parliament through the minister of public safety and emergency preparedness. It is under the direction of Erin O’Gorman, who is the president of the agency. The CBSA was created on 12 December 2003 by an order-in-council that amalgamated the customs function of the now-defunct Canada Customs and Revenue Agency, the enforcement function of Citizenship and Immigration Canada (now known as Immigration, Refugees and Citizenship Canada), and the port-of-entry examination function of the Canadian Food Inspection Agency (CFIA). The CBSA's creation was formalized by the ''Canada Border Services Agency Act'', which received Royal assent on 3 November 2005. The CBSA oversees approximately 1,200 service locations across Canada and 35 in oth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada Revenue Agency
The Canada Revenue Agency (CRA; ; ) is the revenue service of the Government of Canada, Canadian federal government, and most Provinces and territories of Canada, provincial and territorial governments. The CRA collects Taxation in Canada, taxes, administers tax law and tax policy, policy, and delivers Welfare spending, benefit programs and tax credits. Legislation administered by the CRA includes the ''Income Tax Act,'' parts of the ''Excise Tax Act'', and parts of laws relating to the Canada Pension Plan, employment insurance (EI), tariffs and Duty (tax), duties. The agency also oversees the registration of Canadian Charity Law, charities in Canada, and enforces much of the country's tax laws. From 1867 to 1999, tax services and programs were administered by the Department of National Revenue, otherwise known as Revenue Canada. In 1999, Revenue Canada was reorganized into the Canada Customs and Revenue Agency (CCRA). In 2003, the Canada Border Services Agency (CBSA) was created ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance Canada
The Department of Finance Canada () is a central agency of the Government of Canada. The department assists the minister of finance in developing the government's fiscal framework and advises the government on economic and financial issues. A principal role of the department is assisting the government in the development of its annual budget. The department is responsible to Parliament through the minister of finance (François-Philippe Champagne since March 2025). The day-to-day operations of the department are directed by the deputy minister of finance (a public servant). Chris Forbes was appointed Deputy Minister of Finance on September 11, 2023. The department is headquartered in the James Michael Flaherty Building in downtown Ottawa at the corner of Elgin and Albert. Branches and sub-agencies The department is divided into several branches: * Economic Policy Branch * Fiscal Policy Branch * Economic Development and Corporate Finance Branch * Federal-Provincial Relatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BTA Bank
BTA Bank () (''BTA Bank Joint-Stock Company'' in full) is a Kazakhstan bank with headquarters in Almaty. it was the third largest lender by assets. In 2009, BTA Bank was subject of one of the world's biggest financial frauds totaling US$5 billion. History Foundations and early years Following the dissolution of the Soviet Union in 1991, the Kazakh operations of the Soviet Promstroybank (USSR), Promstroybank were re-organized as Turan Bank and those of the Soviet Vnesheconombank (USSR), Vnesheconombank were re-organized as Alem Bank. On 15 January 1997, Turan Bank and Alem Bank merged to form Bank Turan Alem (BTA), a joint-stock company in accordance with the Decree of the Government of the Republic of Kazakhstan "On reorganization of the Kazakh joint-stock bank Turan Bank and joint-stock bank Alem Bank Kazakhstan". On 1 October 1998 Bank Turan Alem CJSC was renamed to Bank TuranAlem OJSC and then to Bank TuranAlem JSC. In spring 2008 the bank underwent rebranding, which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kazakhstan
Kazakhstan, officially the Republic of Kazakhstan, is a landlocked country primarily in Central Asia, with a European Kazakhstan, small portion in Eastern Europe. It borders Russia to the Kazakhstan–Russia border, north and west, China to the China–Kazakhstan border, east, Kyrgyzstan to the Kazakhstan–Kyrgyzstan border, southeast, Uzbekistan to the Kazakhstan–Uzbekistan border, south, and Turkmenistan to the Kazakhstan–Turkmenistan border, southwest, with a coastline along the Caspian Sea. Its capital is Astana, while the largest city and leading cultural and commercial hub is Almaty. Kazakhstan is the world's List of countries and dependencies by area, ninth-largest country by land area and the largest landlocked country. Steppe, Hilly plateaus and plains account for nearly half its vast territory, with Upland and lowland, lowlands composing another third; its southern and eastern frontiers are composed of low mountainous regions. Kazakhstan has a population of 20 mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mukhtar Ablyazov
Mukhtar Qabyluly Ablyazov (, ''Mūhtar Qabylūly Äbliazov''; born 16 May 1963) is a Kazakh businessman and political activist who served as chairman of Bank Turan Alem (BTA Bank), and is a co-founder and a leader of the unregistered political party Democratic Choice of Kazakhstan (QDT). He was also the former head of the state-owned Kazakhstan Electricity Grid Operating Company (KEGOC) as well as briefly holding the position of Minister for Energy, Industry, and Trade under Balgimbayev's cabinet before resigning from and joining the opposition against President Nursultan Nazarbayev. In November 2001, he, along with other former Kazakh government officials founded the Democratic Choice of Kazakhstan (QDT). As result, Ablyazov was imprisoned in March 2002 over accusations of financial fraud and political abuse until being pardoned by Nazarbayev in 2003. After being released from prison, he ceased his formal political activities with the opposition. Ablyazov has been accused ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Diplomat (magazine)
''The Diplomat'' is an international online news magazine covering politics, society, and culture in the Indo-Pacific region. It is based in Washington, D.C. It was originally an Australian bi-monthly print magazine, founded by Minh Bui Jones, David Llewellyn-Smith and Sung Lee in 2001, but due to financial reasons it was converted into an online magazine in 2009 and moved to Japan and later Washington, D.C. In 2020, ''The Diplomat'' has a monthly unique visitor count of 2 million. The magazine is currently owned by MHT Corporation. History ''The Diplomat'' was originally an Australian bi-monthly print magazine, founded by Minh Bui Jones, David Llewellyn-Smith and Sung Lee in 2001. The first edition was published in April 2002, with Bui Jones as the founding editor and Llewellyn-Smith the founding publisher. The magazine was acquired by James Pach through his company Trans-Asia Inc. in December 2007. Pach assumed the role of executive publisher and hired former '' Pent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nominee Director
A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germany and Sweden), the workers of a corporation elect a set fraction of the board's members. The board of directors appoints the chief exe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organisation For Economic Co-operation And Development
The Organisation for Economic Co-operation and Development (OECD; , OCDE) is an international organization, intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and international trade, world trade. It is a forum (legal), forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are generally regarded as developed country, developed countries, with High-income economy, high-income economies, and a very high Human Development Index. their collective population is 1.38 billion people with an average life expectancy of 80 years and a median age of 40, against a global average of 30. , OECD Member countries collectively comprised 62.2% of list of countries by GDP (nominal), global nom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bearer Share
A bearer instrument is a document that entitles the holder of the document to rights of ownership or title to the underlying property. In the case of shares (bearer shares) or bonds ( bearer bonds), they are called bearer certificates. Unlike normal registered instruments, no record is kept of who owns bearer instruments or of transactions involving transfer of ownership, enabling the owner, as well as a purchaser, to deal with the property anonymously. Whoever physically holds the bearer document is assumed to be the owner of the property, and the rights arising therefrom, such as dividends. Bearer instruments are used especially by investors and corporate officers who wish to retain anonymity. The OECD in a 2003 report concluded that the use of bearer shares is "perhaps the single most important (and perhaps the most widely used) mechanism" to protect the anonymity of a ship's beneficial owner.OECD 2003, p. 8. Physically possessing a bearer share accords ownership of the corp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
