Finance Ministry to bring back proof of how personal assets are acquired
20/6/2003 13:46
Owners of objects or real estate of great value have about 40 days more to site private loans of any kind without obligation to specify, and be exempted from having to furnish proof of the origin of funds, according to Finance Ministry sources who said the government plans to table an amendment by the end of July. The provision in force, which is to be abolished as part of efforts to curb money laundering, was introduced a year ago to encourage the repatriation of funds. The sources said the effective waiver will continue to apply for funds planned for investment in enterprises.
3287.99
1275.09