Crestbridge’s Post

Andrew Rafferty, Director, Real Estate Services, recently spoke to Financier Worldwide about, strengthening corporate transparency, investor confidence and the fight against money laundering in the UK. In this article, Andrew highlights the synergies between the Economic Crime and Corporate Transparency Act (ECCTA) 2023 and its predecessor, the Economic Crime Transparency and Enforcement Act 2022, how one builds on the other and how the latest legislation moves the needle on prosecuting corporate economic crimes. Read the article in Financier Worldwide here 🔗 #ECCTA #Compliance #FundAdministration

The Economic Crime and Corporate Transparency Act 2023 (#ECCTA) introduced new rules which aim to prevent fraud and money laundering by requiring more information and disclosure from UK limited partnerships. In this briefing, Stefanie Sahla-Jones, Stewart Womersley, Sarah Kopec, and Thomas Pritchard discuss the key changes to UK limited partnerships in #fund structures, as well as the steps general partners and managers need to take to prepare and comply. Read now: https://lnkd.in/g_hpqy6q   #FinancialServices

The Economic Crime and Corporate Transparency Act 2023 (#ECCTA) introduced new rules which aim to prevent fraud and money laundering by requiring more information and disclosure from UK limited partnerships. In this briefing, Stefanie Sahla-Jones, Stewart Womersley, Sarah Kopec, and Thomas Pritchard discuss the key changes to UK limited partnerships in #fund structures, as well as the steps general partners and managers need to take to prepare and comply. Read now: https://lnkd.in/g_hpqy6q #FinancialServices

What is the main purpose of the Corporate Transparency Act? Enhancing Transparency: The Corporate Transparency Act (CTA) mandates that certain businesses disclose their beneficial owners to FinCEN, aiming to reduce the concealment of illicit funds and activities. Supporting Law Enforcement: By creating a federal registry of beneficial ownership information, the CTA provides essential tools for law enforcement to combat money laundering, terrorist financing, and other financial crimes. Aligning with Global Standards: The CTA brings the U.S. in line with international beneficial ownership transparency standards, enhancing corporate accountability and protecting the financial system. Continue reading: https://lnkd.in/gDwRh6GA #CorporateTransparency #FinancialCrimePrevention #AntiMoneyLaundering #CTA #BeneficialOwnership #FinCEN #CorporateAccountability #FinancialTransparency #TerrorismFinancing #FinancialRegulation #Compliance #GlobalStandards #FATF #USFinancialSystem #LawEnforcementSupport #CorporateGovernance #EthicalBusiness #FinancialIntegrity #EconomicSecurity #AntiCorruption

How do the Prudential Authority and FSCA South Africa supervise the #financialservices industry when it comes to #enforcement? These #regulators have a vast array of enforcement instruments at their disposal in terms of the Financial Sector #Regulation Act.

Example of Bear Talk. Oral advice from your U.S. private bank on CRS reportability when fiduciary obligations clauses in your service agreements have limitations and restrictions. When you know...you can trust. #mithrilinternational #internationalbusiness

Example of Bear Talk. Oral advice from your U.S. private bank on CRS reportability when fiduciary obligations clauses in your service agreements have limitations and restrictions. When you know...you can trust. #mithrilinternational #internationalbusiness

#analysis: Value of unclaimed financial assets has risen by sh 7billion to sh62 in the last two years. #excerpt February 7, 2024 "The value of unclaimed financial assets has risen by 7 billion shillings ($700 million USD) to 62 billion shillings ($6.2 billion USD) in the last two years. Unclaimed Financial Assets Authority (UFAA) attributes the rise to dormant Bank accounts that have been abandoned by their owners for one reason or another. What's more efforts to reach the owners of the assets have proved futile at times the legal owners turning hostile towards the UFAA officials" https://lnkd.in/dZWN2GW2 #perspective What the public need is 'Maisha Number', but this has been thwarted by the Courts and NGOs. For one to claim their assets the legal owner must be in a position to prove who they are this cost alot of money in legal fees; in a corrupt regulatory environment. The West has heavily meddled in Kenya's politics, built corruption around democracy to keep Kenya down. To plunder and destabilise Kenya, western governments are heavily invested in injecting incompetence into Kenya's governance system through agency capure. In politics, regulatory capture (also called agency capture) is a form of corruption of authority that occurs when a political entity, policymaker, or regulator is co-opted to serve the commercial, ideological, or political interests of a minor constituency, such as a particular geographic area, industry, profession, or ideological group. When regulatory capture occurs, a special interest is prioritized over the general interests of the public, leading to a net loss for society. The theory of client politics is related to that of rent-seeking and political failure; client politics "occurs when most or all of the benefits of a program go to some single, reasonably small interest. what we have is a regulatory body that serves western interests, but not that of the citizens. This is what motivates western governments into meddling in Kenya's governance system, employing armies of "elite capture' and lawfare to keep Kenya Oppressed to market whar they call "shared values". People think Kenya is free, nothing like that, in the guise of democracy and the rule of law white supremacists have a knee on Kenya's neck, impoverishing the country. The West is smart, they control the media, judicial systems and corrupt politicians; thus see no reason to invest in Kenya as an economy, instead invest into policies that exploit poor Kenyans, who cannot afford legal services or access layers and layers of regulatory capure that makes it cheaper to abandon the $6.2 USD. There's no media or politicians will speak this straight for fear of western agencies victimisation. Countries that have kicked the West out are thriving, look at the case of Central Africa Republic, Niger, Mali and Burkina Faso, these countries are booming. Poor Kenya is hurting in the name of being in the good books of their oppressors.

Have you filed your BOI report yet? The Beneficial Ownership Information (BOI) Report is a new filing requirement enforced by the U.S. Treasury’s Financial Crime Enforcement Network (FinCEN) which is a result of the Corporate Transparency Act (CTA). Click here to learn more: https://loom.ly/pa4nbmA Need help filing? Click here: https://loom.ly/wYH5ce0 #AngolanoAndCompany #BOIReport #CTA #FinCEN

The BOI report is a new federal filing requirement mandated by the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act (CTA). It was introduced on January 1st of this year. 📢 If you're a business owner, this will probably impact you. Click here to learn more and to see how we can help: https://loom.ly/Ucuj0XI #AngolanoAndCompany #BOIReport #FinCEN #CTA