Brunei is one of the last absolute, albeit benevolent, monarchies in the world. It enjoys considerable political stability, doubtless helped by the fact that the country’s citizens enjoy one of the world’s highest standards of living, thanks to large oil and gas reserves.
We do not let strangers into our homes without confirming who they are, and airports don’t allow us entry without valid identity proof. In the same way, businesses and banks should not transact with an unknown counterparty, and the only way to familiarise themselves with a new business partner or customer is through the Know Your Customer (KYC) process.
"Vietnam's GDP per capita growth is the most impressive in the world. This reflects the dynamism of Vietnam's economy and its outstanding development over the years," Forbes emphasized in a recent article.
In a breakthrough ruling unveiled on November 22nd 2022, the European Court of Justice gave conclusions on the case 2022-912 between Luxembourg Business Register and Sogedim, in what will surely resonate as a landmark decision in terms of access to ultimate beneficial ownership information and business registers access more largely.