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Company formation - Bank account - Merchant account

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  1. #11

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    Jan 2008
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    Beneficial owner

    Whether the Brazil authorities can find out who is the beneficial owner, depends on what kind of treaty Brazil has with HK.



    Quote Originally Posted by JH1549:
    I have a new question:

    I am Brazilian, and I have a company in HK. This company has a Director and an Owner that is not myself. I am the finalbeneficial Owner. I was said that, among the HK legislators, my name will neverappear, however when the bank account was opened, they got a copy of mypassport, and I have signed a document saying that I am the real and finalbeneficial owner.

    This company has made a loan to a companyin Brazil. Brazilian Authorities realized that this is an atypical operation. After a denounce by a person in Brazil, theFederal Police in Brazil decided to check if I have or not an account, once I am wiring money from and to Brazil.
    They realized that everything was ok, BUT they made a final question:

    Using the legal and diplomatic channels,try to receive the following information:

    . Who is the Beneficial Owner of theaccount who sent the money?

    . Who is the Bank Operator of that account?

    My question is:
    . What is the chance that my name willappear in this request?
    Can someone help me to this answer?

  2. #12

    Join Date
    Jun 2012
    Posts
    5

    Question about Hong Kong Bank Secrecy

    But the question is:
    . Do you think that the bank will break the rule of "bank secrecy"?


  3. #13

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    Jan 2008
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    Treaty

    Process is long: If there is a treaty, then Brazil will ask HK Courts to issue the order, for HK bank to disclose the ultimate beneficiary. Without court order no disclosure.

    QUOTE=JH1549;2025914]But the question is:
    . Do you think that the bank will break the rule of "bank secrecy"?[/QUOTE]

    JH1549 likes this.

  4. #14

    Join Date
    Jun 2012
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    5

    Thank you!
    That was the answer I was needing.
    ...And Brazil has no Treaty with Hong Kong.
    In this case, do you have any idea on what will happen?
    Thanks in advance!


  5. #15

    Join Date
    Jan 2008
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    Treaty

    If there is no treaty, I doubt HK Courts will get involved. Without court order, Banks cannot disclose any information about their client.

    Quote Originally Posted by JH1549:
    Thank you!
    That was the answer I was needing.
    ...And Brazil has no Treaty with Hong Kong.
    In this case, do you have any idea on what will happen?
    Thanks in advance!

  6. #16

    Join Date
    Jun 2012
    Posts
    5

    Sir,
    Thank you again!