Indranee Rajah on Corporate Registers (Miscellaneous Amendments) Bill
Companies must keep a non-public register of nominee shareholders to provide more transparency. They also have to make the updates in a timely manner. These are among four sets of proposed amendments to the Companies Act and Limited Liability Partnerships Act. They aim to strengthen Singapore's corporate governance regime and affirm its commitment to combating money laundering, terrorism financing and other threats, said Second Minister for Finance Indranee Rajah in Parliament on Monday (Jan 10). She said the amendments will also bring Singapore into closer alignment with international standards to prevent global money laundering and terrorism financing, and the harm that it causes to financial ecosystems and society.
Companies must keep a non-public register of nominee shareholders to provide more transparency. They also have to make the updates in a timely manner. These are among four sets of proposed amendments to the Companies Act and Limited Liability Partnerships Act. They aim to strengthen Singapore's corporate governance regime and affirm its commitment to combating money laundering, terrorism financing and other threats, said Second Minister for Finance Indranee Rajah in Parliament on Monday (Jan 10). She said the amendments will also bring Singapore into closer alignment with international standards to prevent global money laundering and terrorism financing, and the harm that it causes to financial ecosystems and society.
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