The Government of Anguilla, through the Commercial Registry is upgrading the Company Registration System. The system is intended to facilitate the incorporation/formation of legal entities and arrangements in line with the Registry Acts as well as to maintain Beneficial Ownership information with restricted access. The system will also have the capacity to host due diligence materials on a segregated section. This would facilitate in particular the due diligence process for complying with AML/CFT standards by Company Managers. This is intended to be the most efficient combined incorporation/AML-CFT compliance process in the world, facilitating both the immediate incorporation of companies and a streamlined process to enable licensees to ensure compliance with their AML/CFT obligations. Legislation is intended to provide for the establishment of this electronic registration system for the Commercial Registry and to provide for the maintenance of certain customer due diligence and beneficial ownership information. Attached are the Draft Commercial and Beneficial Ownership Registry Regulations which is now provided for your comments. All comments should be provided on or before December 27th 2021.
Accordingly, this consultation is intended to identify any major areas of concern with the draft Bill and Regulations respectively. As such, further to the feedback received to date, The Ministry of Finance and Health wishes to invite service providers in the financial services industry, to attend a virtual meeting to discuss their concerns, details for attendance to same are contained below.
Topic: Public Consultation Paper Commercial and Beneficial Ownership Registry Bill
Time: Dec 21, 2021 09:30 AM La Paz
Join Zoom Meeting
https://anguilla.zoom.us/j/95909786100?pwd=Z0VGVlRCNnlJeWxmMVp5L2NkVGVYdz09
Meeting ID: 959 0978 6100
Passcode: 3evwvq
Industry Invitation to Virtual Meeting.pdf