New legislation that targets ultimate beneficial ownership (UBO) in trusts will render obsolete the use of trust structures to hide assets, says Lee Wong, head of family services, Asia, Lombard Odier. The Companies (Amendment) Ordinance 2018 (CAO) and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) came into effect at the beginning of this month. The legislation requires trust and company…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Subscriber Only Content

This article is available on a corporate subscription with Asian Private Banker. Please login or subscribe to view this content.

Login

Subscribe

Indispensable intelligence

Request for a free trial to Asian Private Banker today.

Need help? Please see our FAQ Guide or email [email protected]