As of February 2012, he was the beneficial owner of 3.6% of Herbalife stock, though most of the options he exercised were immediately sold.

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As such, UBS does not accept business with anonymous accounts, accounts in fictitious names, or shell companies or trusts lacking transparency as to the beneficial owner.

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The latter is a new form courtesy of FATCA. FBARs need to be filed even if you are not the beneficial owner of the funds and are only a signatory.

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These interest and royalty payments shall be exempt from any taxes in that State provided that the beneficial owner of the payment is a company or permanent establishment in another Member State.

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Washington's request was met by a chorus of protest, particularly from Greek ship owners who claim that America needs to know only who is in day-to-day control of a vessel, not the name of the beneficial owner.

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In the crucial area of corporate transparency, says Michael Levi, professor of criminology at the University of Cardiff, Jersey and Guernsey have tighter controls than Britain, where it is possible to conceal the identity of the beneficial owner of a company.

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This kind of financing aligns the goals of the investor and the business owner in a mutually beneficial situation.

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In a statement, an Access spokesperson says a holding company owned by Blavatnik was the owner of Basell prior to the Lyondell merger and that the returns he ultimately received during his beneficial ownership of that company have nothing to do with the loss he incurred from the merger.

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