Bearer shares are authorized if the
bearer share certificates are retained in the protected custody of persons or financial institutions authorized by the Minister of Finance.
In an effort to fight money laundering, the amendments include the abolition of
bearer share and the creation of a consortium of companies working in the field of securities.
Vincent and the Grenadines government requires registration and custody of
bearer share certificates by a registered agent who must also keep a record of each bearer certificate issued or deposited in its custody.
52 shares of its common stock for every one
bearer share in Bluehill ID.
Under the terms of the deal, Infranor's shareholders will get one new Perrot Duval
bearer share with a par value of CHF50.
84) in cash for each no-par value
bearer share it received from of the minority shareholders in the target.
Deripaska currently holds one
bearer share in Strabag.
Numerous factors hinder the fight against money laundering, including the existence of
bearer share corporations, a lack of collaboration among government agencies, lack of experience with money laundering investigations and prosecutions, inconsistent enforcement of laws and regulations, and a weak judicial system susceptible to corruption and favoritism.
The work of launderers is facilitated by weaknesses in the regulatory framework, notably the existence of
bearer share corporations, but more importantly by uneven enforcement of anti-money laundering measures and the weak judicial system, which is susceptible to corruption and favoritism.
The base offering consists of 40 million existing ordinary
bearer shares held by DWS's sole shareholder, DB Beteiligungs-Holding GmbH, a 100% subsidiary of Deutsche Bank and corresponds to 20 percent of DWS's existing share capital.
The
bearer shares could be used to transfer assets completely anonymously and were favorite tools among money launderers.
