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DTSTAMP:20260414T194909Z
DTSTART:20240918T203000Z
DTEND:20240918T233000Z
SUMMARY:Bar Issues Commission Showcase: beneficial ownership
DESCRIPTION:Anti-corruption measures to fight money laundering\, terroris
 t financing and other human rights abuses begin with knowing the client.
  The laws regarding disclosure of beneficial ownership (ie\, the ultimat
 e owners of corporate entities) are meant to provide that information. W
 hile disclosure has commendable purposes\, laws that facilitate it may g
 o too far. In November 2022 the European Court of Justice (ECJ) struck d
 own public access to the EU’s beneficial ownership regime as violative o
 f privacy and personal data protection. In the United States\, the Corpo
 rate Transparency Act went into effect on 1 January 2024\, establishing 
 reporting requirements for entities registered to do business in the Uni
 ted States. Lawyers and bar associations are now grappling with the impa
 ct of these laws. This panel discusses the issues relating to: beneficia
 l ownership in terms of law firms as reporting companies\; whether indiv
 idual lawyers and other legal professionals are company applicants\; and
  what law firms must tell their clients and their obligations to advise 
 them.
LOCATION:PALACIO DE INTURBIDE 1\, LEVEL E1
UID:a966f7df-97f8-443b-b279-4a63470dcb82
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