Uruguay to Require Foreign Cos Have Local Representative: Pais
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Govt is drafting legislation that would require foreign companies to have a local representative as part of a broader crack-down on money laundering, newspaper El Pais reports, citing unnamed govt officials.
Alert: HALISTER1- Legislation includes measures related to the final beneficiaries of foreign companies in Uruguay
- Link to story
- NOTE: Uruguay has increased its oversight of about 13,000 non-financial companies this yr to dissuade money laundering in the South American country
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283