AI, Beneficial Ownership, and Anti-Corruption Reforms Lead the Way
This week’s global round-up reflects the rising importance of transparency, digital transformation, and coordinated anti-corruption initiatives. From AI-led innovations in Nigeria to legal reform in Europe and beneficial ownership debates in Sri Lanka and the Falklands, registry modernization is on the move.
Here are the top developments making headlines around the registry world:
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Europe: Russia excluded from EU’s AML blacklist
The European Commission explains its decision not to include Russia in its latest anti-money laundering blacklist.
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Nigeria: AI-Powered Business Registry Launches
Nigeria’s CAC unveils an AI-based registration portal, promising to process applications in just 30 minutes.
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United States: New Texas law may reshape financing registration
Concerns rise in the sales-based financing industry over new registration and disclosure obligations in Texas.
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Turks and Caicos: Public register brings hefty penalties for disclosing owner information
Individuals sharing company ownership info face large fines as the register goes public.
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Malta: MBR’s 2024 Annual Report marks digital progress
The Malta Business Registry celebrates a milestone year of innovation and digital transformation.
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Ghana: New anti-corruption strategy group inaugurated
Ghana takes institutional steps toward coordinated anti-corruption action.
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Portugal: Registry system overwhelmed by surge in applications
Proposed nationality law changes drive an influx of over 700,000 new registry requests.
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Sri Lanka: CIABOC intensifies private sector anti-corruption efforts
The commission steps up enforcement targeting private sector malpractices.
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United Kingdom: £350 billion lost annually to corruption and crime
Shocking figures spark renewed calls for financial transparency reform in the UK.
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Malta: Company registrations surge in 2024
The MBR reports nearly 3,400 new company registrations last year.
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Vietnam: Legal codification of UBO concept underway
Vietnam prepares to formally incorporate UBO registration into national law.
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Nigeria: Partners with UN and Canada on terrorist financing crackdown
New international collaboration targets financial crimes linked to illegal mining.
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Overseas Territories: Falklands to implement beneficial ownership register
The new register will be active by July 2026 under transparency obligations.
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United Kingdom: Companies House sees real-world impact from new powers
Enhanced enforcement tools deliver results in UK’s fight against economic crime.
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Ghana: Paper shortage hits registry services
A nationwide backlog at the Births and Deaths Registry is attributed to procurement delays.
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United Kingdom: Debate over impact of registry reforms
Journalists weigh the pros and cons of Companies House reform.
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Sri Lanka: BO register proposal sparks legal challenge
Stakeholders voice concerns over a proposed beneficial ownership law.
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Stay updated by visiting often our "Registry News Weekly" summary and the Foster Moore blog for more insights on these stories and other key registry news.
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