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4 months ago

International Financial Corporation Commits up to $200 million to IFC Emerging Asia Fund

International Financial Corporation Securities Regulatory Commission World Bank Group

IFC, a member of the World Bank Group, has committed up to $200 million to the IFC Emerging Asia Fund (EAF), which this week reached a first close. IFC is joined by the Korea Development Bank (KDB) and the Fiji National Provident Fund (FNPF). 

Central to the EAF is mobilizing additional capital in emerging markets of the Asia region, given the scale of investment, innovation, technological development and employment creation required for sustainable development in many low and middle income countries in the region falls beyond the range of the public sector, making the private sector central to finding and financing the development solutions that are needed.   

Investments by the EAF will be aligned to IFC’s strategy for the region, which includes a focus on addressing the infrastructure deficit, and at the same time it will also help investee companies raise standards, improve risk mitigation and generate value.   

“We are excited by the equity opportunities we see in emerging Asia and delivering further development impact through our clients,” said IFC Regional Director East Asia and Pacific, Vivek Pathak. “We are very pleased that major institutional investors such as KDB and FNPF are partnering with us to further IFC’s support of private sector development.” 

The new global architecture for international development, the Sustainable Development Goals, launched at the United Nations in 2015, highlights that financing sustainable development requires low and middle income countries tap new sources of capital from both private and public sources, including leveraging global private capital to most skillful effect. 

Two thirds of the world’s poorest people live in emerging Asia and yet it is the engine room of global growth being the fastest growing region and the largest continental economy by GDP in the world. This growth is a function of favorable dynamics such as the continued need for enhanced infrastructure, the emergence of a rapidly growing middle class and commitments by many governments in the region to political and economic reform.  Combined, these dynamics have created significant opportunities for investment in the region including China, India, Indonesia, Philippines and Asian frontier markets such as Vietnam and Myanmar. 

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence, to create opportunity where it’s needed most. In FY15, our long-term investments in developing countries rose to nearly $18 billion, helping the private sector play an essential role in the global effort to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org

 

9 months ago

Mossack Fonseca: Exclusive Online Services

Mossack Fonseca: Exclusive Online Services

CLIENT INFORMATION PORTAL

The Mossack Fonseca Client Information Portal is a secure online account that enables you to access your corporate information anywhere and everywhere, with real-time updates of your ongoing requests.

 

Our exclusive online portal offers clients these features:

• FIND updated information on your Company Formation requests through the Case Information Service panel, as well as digital copies of Corporate and legal paperwork.

• FOLLOW UP on your cases and receive notifications by email whenever one of your cases is updated.

• SEARCH and RESERVE Shelf Companies online.

• VIEW your price lists.

• PAY your outstanding invoices

• REQUEST for certificates, reactivations and order forms

 

You can access all of these features from any place in the world in a safe environment in real time! Ask for your log in at: portal@mossfon.com

 

Find the following applications:

 

1. CASE INFORMATION SERVICE (CIS)

The Case Information Service (CIS) is a tool which tracks the progress of client requests and ongoing cases.

• The CIS enables you to:

• Contact our staff around the world

• View digital copies of documents as soon as they are received in our office

• Receive automatic email notifications every time one of your cases is updated (optional)

 

2. ONLINE PAYMENT SYSTEM (OPS)

Mossack Fonseca Client Information Portal offers a complete account management system where you can keep track of all your outstanding or paid invoices.

• The OPS will allow you to:

• Generate account statements with real-time information

• Pay your outstanding invoices online or by credit card

• Take advantage of our debit account application

• Choose our Batch Payment option that facilitates bank transfers and cheques for settlement of invoices

 

3. ELECTRONIC DELIVERY SERVICE (EDS)

Mossack Fonseca guarantees the most rapid and secures delivery system for your Annual Invoices and Account Statements. This Electronic Delivery System (EDS) eliminates delays due to the air-mail service. We avoid the use of paper, and it allows you to have more time to collect bills from your clients and send payments before deadlines.

 

4. ONLINE WORK REQUEST (OWR)

Through this new application you can access these documents easily and quickly, and all in one place!

• Incumbency Certificates

• Good Standing Certificates

• Reactivation of one or more companies

• Order Form

10 months ago

Mossack Fonseca at UK Territories: Beneficial Owner Info to Stay Put

Mossack Fonseca at UK Territories: Beneficial Owner Info to Stay Put

On 1 and 2 December 2015, the political leaders and representatives of the UK and its 14 Overseas Territories met in London to discuss financial services, international co-operation in tax matters, beneficial ownership, and other matters.

 

According to a communiqué released by the UK Joint Ministerial Council, all of the Overseas Territories agreed to the following:

 

A full commitment to international co-operation in tax matters, and to fight against money laundering, tax evasion, illicit finances, and corruption.

• Adherence to bilateral and multilateral agreements, implementation of the FATF standards, and enforcing legal instruments in everyday practice.

• A commitment to sustaining successful international finance centres.

• Acknowledgement of the importance of bilateral engagement on matters affecting Territories’ financial services sectors.

Beneficial ownership information will be held in their respective jurisdictions via central registers or similarly effective systems―this is in sharp contrast to the original proposal by Britain that all such information be transmitted to a central registry located in and controlled by the UK.

 

They discussed the details of how the financial control and compliance systems above should be implemented, and agreed that addressing those issues would be given the highest priority and kept under continuous and close review.

2 years ago

Gibson and Associates Solicitors: What Should You Include In Your Will?

If you have decided the 2015 is the time to make your Will and you want to ensure that your family are protected, there are some things that you need to think before you go along to your solicitor to make your Will. This is an important decision to make and if you have children, you are married, divorced or living with your partner, making a Will is something that you should seriously consider.

 

Your first consideration to make before seeing a solicitor about making a Will is about your children.  If you have children under the age of 18, you will need to think about who will care for them in the event that both you and your partner die and this needs to be included in your Will. If you die and you have made no Will, there is a possibility that your children may be taken into care while a judge decides who should look after them. In addition, the court may appoint someone as their guardian who you would not have chosen, so to avoid this situation, a Will is vital.

 

In addition to outlining who you want to appoint as a guardian for your children, you must also detail arrangements for their inheritance, including any trusts and property left to them. You can protect them by leaving the property and any money in trust for them and release this to them at an age you deem appropriate, perhaps 18 or 21 years old. They can then live in the house and no one can legally sell it until they reach that age.

 

Not only is a trust a good idea for children who are not yet adults, but they can also offer some tax benefits so you should also consult a Financial Advisor to ensure that your Will is also tax efficient.

 

Next, think about any specific items you want to leave to your family, friends or children. By listing these items in your Will, you protect them from being swallowed up in your estate and you can ensure that these items go to the right people when you are not there to make sure this happens.

 

Consider any charities that are close to your heart and whether you wish to make a bequest to these in your Will. There are some additional inheritance tax benefits to making charitable donations in your Will, so speak to your Financial Advisor about these.

 

These are only some of the things that you will need to consider when making your Will, but your solicitor will talk to you in detail about all of the other options and things that you need to cover in your Will.