Trusts bill update open for public comment
Chief Director of Legislative Development at the in Department, Advocate Tsietsi Sebelemetja says the bill is open for public comment until 11 of September.
The regulation of trusts bill compels trustees to now prepare annual financial statements and keep records for five years after they stop being trustees, to avert money laundering and other criminal activities.
The changes aim to prevent trusts being used for illicit financial flows, tax evasion or money laundering.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
