U.S. Records to Be Wiped From the BOI Database The agency is going a step further than simply halting future filings. FinCEN says it will purge from its BOI database any records it reasonably believes relate to U.S. persons — including previously filed details on beneficial owners, company applicants, and individuals holding FinCEN identifiers. [...]
When Can Blocked Russian Dividends Be Reclaimed? Your options depend entirely on the way you hold your investments. You hold Russian shares through a foreign broker or foreign custodian Examples include Interactive Brokers, Charles Schwab, Fidelity, Saxo Bank and many other international brokers. In this case, dividends may generally be reclaimed within several months after [...]
What the Problem Is In March 2022, in response to Western sanctions and the freezing of assets held through Euroclear and Clearstream, Russia introduced a set of counter-sanctions measures designed to prevent an uncontrolled outflow of capital. Two mechanisms sit at the heart of the issue. The first is segregated (separated) accounting. Securities – [...]
What is E-invoicing? E-invoicing is the digital exchange of invoices in a structured electronic format between business and tax authorities. Unlike a normal PDF invoice, an e-invoice: Is created in a machine-readable format (XML/JSON) Is automatically validated by systems Is transmitted digitally between buyer, seller, and tax authority Reduces manual processing and human errors [...]
Application channel: Renaissance Capital Russia (ex‑Citibank AO) Applications for Lukoil DR dividends are submitted via Renaissance Capital Russia, which has acquired AO Citibank, the former Russian subsidiary of Citi. The functions previously performed by Citibank AO in relation to custody and settlement, including the servicing of Lukoil DR‑related dividend claims, have effectively been transferred [...]
e-invoicing Implementation Timeline Any person may implement the electronic invoicing system on a voluntary basis as from 1 July 2026 and shall, in that case, comply with all the technical requirements established by the ministry and the authority for the use of the electronic invoicing system. Electronic invoicing system shall be implementing is mandatory [...]
Due to recent developments, there is now a definitive legal pathway to claim assets through the court. GFLO Consultancy has first-hand practical experience with the new approach to ADR recovery. The first consultation is free. Method 1: Banking via Neighboring Countries Attempting to use the banking systems of "friendly" neighboring countries [...]
Due to recent developments, there is now a definitive legal pathway to claim assets through the court. GFLO Consultancy has first-hand practical experience with the new approach to ADR recovery. The first consultation is free. Strategy 1: Acquiring Citizenship in a "Friendly" Nation Perhaps the most flexible strategy involves a change [...]
Due to recent developments, there is now a definitive legal pathway to claim assets through the court. GFLO Consultancy has first-hand practical experience with the new approach to ADR recovery. The first consultation is free. Why Are Dividend Payments Blocked? The fundamental reason these funds are inaccessible is a breakdown in [...]
What does the ownership chain look like? The ownership chain for these shares is structured as follows: Issuer → Shareholder Register → Russian Depository → Foreign Broker → Client. Therefore, although the shares are physically located in Russia, the ultimate holder is a foreign legal entity (the Client). What happens to the blocked [...]
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