Beneficiaries-why do they cause increased interest among government agencies, auditors, and banks?

14/02/2020
Beneficiaries-why do they cause increased interest among government agencies, auditors, and banks?

On February 6, 2020, SCHNEIDER GROUP held a business breakfast on the topic “Beneficiaries—why do they cause increased interest among government agencies, auditors and banks?”

Recently, court cases related to determining the final recipients of income have attracted more and more attention. Jurisprudence is being developed that makes us take a fresh look at existing business models and revise them. Not only tax authorities, but also banks and audit organizations are interested in disclosing beneficial owners.

During the event, the SCHNEIDER GROUP’s experts spoke about the latest trends in determining final recipients, why it is important for each company, and what consequences may await you when hiding this information.

Alina Yakimenko, Legal Expert, SCHNEIDER GROUP, gave a detailed review of the most interesting and vulnerable points related to determining the final recipients of income.

Ekaterina Lakatosh, Senior Tax Expert, SCHNEIDER GROUP, talked about risky tax schemes related to the distribution of income between Russian and foreign companies.

Natalia Dobrova, Accounting and Internal Controls Team Leader, revealed the relationship between the problems of determining beneficial owners and the application of Law 115-ФЗ on combating laundering of proceeds from crime.

Andrey Rybkin, Vice President, AO Raiffeisenbank, told the audience how to save banking accounts from unexpected blocking.

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