...rmation on beneficial owners. The national authorities of Switzerland have been taking various measures in combating the illegitimate funds, amid intense global pressure from various countries and actively discussed the proposed amendments to the **anti-money laundering act**. The proposed bill to amend the anti-money laundering law takes into account certain key recommendations from the **Fin...

...g details of beneficial ownerships of companies registered in the jurisdictions**. Both, the BVI and the Cayman Islands, have announced their intention to oppose the Westminster’s planned changes to the legislation, known as the **Sanctions and anti-money laundering act**, which received Royal Assent at the end of April this year. The altered law would make publicly accessible registers o...