The United States will add the beneficiaries of offshore companies in the national register

“Non-US” companies incorporated to do business in the US, as well as corporations registered in the US, will be required to file reports annually with the US Treasury's Financial Crimes Agency (FinCEN) disclosing key information about their beneficial owners.

Poland completely transferred the registration of commercial companies to electronic form

Representatives of the Polish authorities argue that the innovations will radically simplify the procedure for registering companies.

The technical regulation TR EAEU 037/2016 On restriction of the use of certain hazardous substances in electrical and electronic equipment will be changed

On October 25, 2021, a draft to amend TR EAEU 037/2016 "On restriction of the use of certain hazardous substances in electrical and electronic equipment" was published on the EAEU website. The Technical Regulation set minimum requirements for the safety of products during the EAC Certification, EAC Declaration or state registration.

The ISO / IEC 17030 standard with requirements for external conformity marks has been updated

Products to be placed on the market in Russia and the Eurasian Economic Union for the first time are subject to the conformity assessment in form of an EAC certification or EAC declaration. If the conformity check is successful, the products must be marked with the EAC conformity mark.

Swiss Socialists decided to close loopholes in the country's tax legislation

The Pandora Papers will have implications for Swiss tax consultants. Analysts predict a tightening of control over the previously unregulated consulting sphere.

The Main Registrar of Cyprus had to be renamed

Due to the need to be reflected in the name of the Department (bureau) The Registrar of Companies and the official liquidator of Cyprus of the full range of competencies, the local authorities decided to rename it.

Costa Rica Simplifies Apostille Procedure for COVID-19 Vaccination Certificates

Government authorities in Costa Rica are making it easier to apostille vaccination certificates.

Non-working days in Russia and a lockdown in Moscow were introduced

In Russia, non-working days are introduced from October 30th to November 7th. This was announced by President Vladimir Putin. And from October 28th to November 7th, a lockdown is introduced in Moscow. This affects the apostille and legalization of documents.

FATF Changes Canada's Anti-Money Laundering Assessment

The FATF has moved Canada from enhanced to regular monitoring, thereby agreeing to improve the jurisdiction's rating.

Schmidt & Schmidt celebrates its tenth anniversary

Dear friends, customers and business partners!

Schmidt & Schmidt celebrates its 10th anniversary this autumn.

It would be insincere to say that all these 10 years passed unnoticed. It has been a long and difficult journey. I remember me and Alexey, my brother and regular business partner, registering the company in September 2011. We had just finished our studies at the University of Passau. I only had 300 euros in my account. This money became our first capital, from which the fees for the registration of the GbR Schmidt & Schmidt were paid.

Another tax haven closed - Ireland

The Cabinet of Ministers of Ireland has approved a tax increase for companies with revenues over 750 million euros per year. The rate for them will increase from the current 12.5% to 15% under the "Global Tax Agreement".

The HS-Codes of the fire extinguishers will be clarified

On October 6, 2021, the public discussion of the draft of the board of the Eurasian Economic Union “On amendment of the resolution of the board of the Eurasian Economic Commission No.

A bank in Britain has pleaded guilty to failing to prevent money laundering

This is the first time a financial institution has faced criminal prosecution in the UK under the 2007 Anti-Money Laundering Act.

Compulsory labeling of goods. Goods labeling system "Chestny ZNAK"

The national identification system "Chestny ZNAK" aims to eliminate counterfeit, contraband and sanctioned goods. This article is about what the goods labeling system "Chestny ZNAK" is, what role it plays in conformity assessment, and how goods must be labeled etc.

Technological improvements in the Luxembourg Commercial Register

Luxembourg business registries have published a notice of technological improvements in the Trade Register. In addition, the information on the correspondence between the address and the Luxembourg identification number will be additionally checked.

Hong Kong will not adjust to the EU

The Hong Kong government has issued an official announcement in response to Hong Kong's inclusion in the EU's "gray" list.

The 50th technical regulation is issued in the EAEU

The Council of the Eurasian Economic Commission has adopted the technical regulation TR EAEU "On the safety of products for civil protection and protection against natural and man-made emergencies". The Technical Regulation set minimum requirements for the safety of products during the EAC Certification, EAC Declaration or state registration.

Changes to the lists of furniture and attractions that are subject to the conformity assessment will be introduced

On October 5th, 2021, the public discussion of the Eurasian Economic Commission project began. This introduces changes to the technical regulations in the area of EAC certification.

Large European companies will publicly report their incomes

The EU Council has accepted a Directive on Public Country Reporting, which will oblige large multinational companies to disclose their income taxes to the public.

France will change the order of legalization and apostille of documents

With a new decree, the Government of France is reforming the procedure for consular legalization of documents and affixing apostille, significantly expanding the powers of the notary.

The updated procedure for the import of products into the EAEU area has been approved

On September 24, 2021, the regulation of the board of the Eurasian Economic Commission No. 143 of September 21, 2021 was published and came into force.

The sixth EU Anti-Money Laundering Directive (6AMLD) has been accepted

Following the 5th Directive, which significantly strengthened existing anti-money laundering provisions, the 6th Directive aims to enable financial institutions and authorities to further expand AML control by expanding the scope of existing legislation clarifying some regulatory details, and tightening up criminal sanctions in the EU.

32 trillion dollars could be hidden from taxation, follows from the "Pandora's Archive"

Dozens of publications around the world have published investigations based on data obtained as a result of one of the largest leaks of information about offshore companies and their real beneficiaries in history.

Report published on Balkan countries fulfillment of their commitments under the Berlin Process 2018

The Global Initiative Against Transnational Organized Crime (GI-TOC) analyzed the level of implementation of anti-corruption commitments by Montenegro, Albania and several other countries as of 2021.

The changes to the technical regulation TR CU 012/2011 are being discussed in Russia

On September 10, 2021, the public discussion on the draft of the amendments to the technical regulation TR CU 012/2011 “On safety of the equipment for operation in explosive atmospheres”” began in Russia. The Technical Regulation set minimum requirements for the safety of products during the EAC Certification, EAC Declaration or state registration.