Latest news with #CommercialCode
Miami Herald
31-07-2025
- Business
- Miami Herald
Guatemala pushes money laundering bill to avoid international sanctions
July 31 (UPI) -- The Guatemalan government has introduced key legislation to modernize its money laundering laws and prevent the country from being added to the international financial system's "gray list" -- a designation that could raise borrowing costs and limit access to credit. President Bernardo Arévalo formally submitted the bill to Congress on Tuesday, calling it a strategic tool to strike at the "heart" of organized crime and drug trafficking. During the launch of a program aimed at integrating Guatemalan companies into Walmart's supply chain in Central America, U.S. Ambassador Tobin Bradley stated that "the new anti-money laundering law is a platform for transparency and for attracting more investment to Guatemala." The proposal updates laws from 2001 and 2005 that officials say are outdated and inadequate for confronting modern money laundering and illicit financing schemes. It expands the range of entities required to implement controls, report suspicious transactions and appoint compliance officers. The bill also includes reforms to the Penal Code, Commercial Code, Law Against Organized Crime and private security regulations. If the reform is not approved and implemented this year, Guatemala risks being placed on the "gray list" of the Financial Action Task Force, an intergovernmental organization created in 1989 by the G7. The list includes jurisdictions with strategic deficiencies in their anti-money laundering and counter-terrorist financing systems. Countries on the list are under increased monitoring and must address shortcomings within set timeframes. "Being added to this list would significantly restrict international transactions, raise the cost of external financing and, in turn, limit access to credit. It could also lead to local banks losing the ability to work with international banks, making it harder to carry out essential operations for the people of Guatemala -- such as remittances, international payments or letters of credit for exporters," Arévalo said. The initiative's legislative prospects depend on the political support the government can secure among various blocs in Congress, where it holds a minority. The executive branch said it has begun informal talks with congressional blocs and plans to make formal presentations to committees and party groups once Congress returns from recess. Guatemala has faced warnings from Financial Action Task Force Latin America since 2022 for failing to pass key reforms. The Inter-American Development Bank, the International Monetary Fund and the World Bank have warned the country that without new legislation, a poor assessment will be inevitable at the next task force plenary meeting, which is likely in October. The Arévalo administration views the reform as one of its most significant efforts to modernize the country's institutional framework. Copyright 2025 UPI News Corporation. All Rights Reserved.
UPI
31-07-2025
- Business
- UPI
Guatemala pushes money laundering bill to avoid international sanctions
Guatemalan President Bernardo Arevalo, who formally submitted the money-laundering bill to Congress on Tuesday, speaks a day earlier at a press conference in Guatemala City. Photo by Alex Cruz/EPA July 31 (UPI) -- The Guatemalan government has introduced key legislation to modernize its money laundering laws and prevent the country from being added to the international financial system's "gray list" -- a designation that could raise borrowing costs and limit access to credit. President Bernardo Arévalo formally submitted the bill to Congress on Tuesday, calling it a strategic tool to strike at the "heart" of organized crime and drug trafficking. During the launch of a program aimed at integrating Guatemalan companies into Walmart's supply chain in Central America, U.S. Ambassador Tobin Bradley stated that "the new anti-money laundering law is a platform for transparency and for attracting more investment to Guatemala." The proposal updates laws from 2001 and 2005 that officials say are outdated and inadequate for confronting modern money laundering and illicit financing schemes. It expands the range of entities required to implement controls, report suspicious transactions and appoint compliance officers. The bill also includes reforms to the Penal Code, Commercial Code, Law Against Organized Crime and private security regulations. If the reform is not approved and implemented this year, Guatemala risks being placed on the "gray list" of the Financial Action Task Force, an intergovernmental organization created in 1989 by the G7. The list includes jurisdictions with strategic deficiencies in their anti-money laundering and counter-terrorist financing systems. Countries on the list are under increased monitoring and must address shortcomings within set timeframes. "Being added to this list would significantly restrict international transactions, raise the cost of external financing and, in turn, limit access to credit. It could also lead to local banks losing the ability to work with international banks, making it harder to carry out essential operations for the people of Guatemala -- such as remittances, international payments or letters of credit for exporters," Arévalo said. The initiative's legislative prospects depend on the political support the government can secure among various blocs in Congress, where it holds a minority. The executive branch said it has begun informal talks with congressional blocs and plans to make formal presentations to committees and party groups once Congress returns from recess. Guatemala has faced warnings from Financial Action Task Force Latin America since 2022 for failing to pass key reforms. The Inter-American Development Bank, the International Monetary Fund and the World Bank have warned the country that without new legislation, a poor assessment will be inevitable at the next task force plenary meeting, which is likely in October. The Arévalo administration views the reform as one of its most significant efforts to modernize the country's institutional framework.
Yahoo
04-07-2025
- Business
- Yahoo
TotalEnergies SE: Information Concerning the Total Number of Voting Rights and Shares in the Share Capital as at June 30, 2025
(Article L.233-8-II of the French Commercial Code and article 223-16 of the General Regulation of the AMF) PARIS, July 04, 2025--(BUSINESS WIRE)--Regulatory News: TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE): Date Total number of shares Number of voting rights Theoretical (1) Exercisable (2) June 30, 2025 2,281,206,254 2,281,206,254 2,203,252,281 (1) In accordance with Article 223-11 of the AMF General Regulation, this number is calculated on the basis of all the shares to which voting rights are attached, including shares for which voting rights have been suspended. (2) Total number of exercisable voting rights, after deduction of 77,953,973 treasury shares. View source version on Contacts TotalEnergies SE
Yahoo
13-06-2025
- Business
- Yahoo
Resolutions of the shareholders of Hepsor AS – adoption of resolutions of the general meeting without calling a meeting
The management board of Hepsor AS, registry code 12099216 (hereinafter the Company) published on 5 June 2025 pursuant to § 2991 subsections 1, 2 and 3 of the Commercial Code the draft resolutions for the adoption of shareholders' resolutions without calling a meeting. The list of shareholders entitled to vote was determined as at seven days before the voting term, i.e. on 5 June 2025 at the end of the business day of the settlement system of Nasdaq CSD Estonia. The Company has a total of 9,142 shareholders, who own a total of 3,854,701 shares. The deadline for shareholders to submit their positions was on 12 June 2025 at 23:59 Estonian time. Six shareholders of the Company submitted their vote, whose shares represent in total 2,978,700 votes, that forms 77.27% of all votes determined by shares. The shareholders of the Company adopted the following resolutions Approval of the acquisition of a minority shareholding in Hepsor Latvia OÜ To approve the transaction whereby the Company acquires the share of Hepsor Latvia OÜ from Hugomon OÜ, which represents 20% of the share capital of Hepsor Latvia OÜ, on the following main terms and conditions: The Company will pay 20,000 euros in cash to Hugomon OÜ for the share of Hepsor Latvia OÜ and will issue 57,821 shares of the Company to Hugomon OÜ, whereas upon the issue of the Company's shares, Hugomon OÜ will pay for the shares with the share of Hepsor Latvia OÜ as a non-monetary contribution; By amending the articles of association, the Supervisory Board of the Company is given the right to increase the share capital of the Company and to issue new shares to Hugomon OÜ; The subscription right for the new shares will be given to Hugomon OÜ and the pre-emptive subscription right of the existing shareholders will be excluded. 2,978,700 votes were in favour of the resolution i.e. 77.27% of all votes represented by shares, 876,001 votes opposed or did not vote i.e. 22.73% of all votes represented by shares. Thus, the resolution has been adopted in the wording above. Amendment of the articles of association To amend the articles of association of the Company and adopt the articles of association of the Company in the new wording, in the form presented to the general meeting. 2,978,700 votes were in favour of the resolution i.e. 77.27% of all votes represented by shares, 876,001 votes opposed or did not vote i.e. 22.73% of all votes represented by shares. Thus, the resolution has been adopted in the wording above. Exclusion of pre-emptive subscription rights To exclude the Company's shareholders' pre-emptive subscription rights upon the increase of the share capital and the issuance of 57,821 new shares in connection with the acquisition of the share of Hepsor Latvia OÜ from Hugomon OÜ. 2,978,700 votes were in favour of the resolution i.e. 77.27% of all votes represented by shares, 876,001 votes opposed or did not vote i.e. 22.73% of all votes represented by shares. Thus, the resolution has been adopted in the wording above. Additional information: Henri LaksMember of the management boardTel: +372 5693 9114E-mail: henri@ Hepsor AS ( is a developer of residential and commercial real estate. The Group operates in Estonia, Latvia and Canada. During our fourteen years of operation, we have created 2,076 homes and nearly 36,300 m2 of commercial space. As the first developer in the Baltic countries, Hepsor has implemented several innovative engineering and technical solutions that make the buildings built by the company more energy-efficient and thus more environmentally friendly. The company's portfolio includes a total of 25 development projects with a total area of 172,800 m2.
Yahoo
10-06-2025
- Business
- Yahoo
Adoption of Resolutions of the General Meeting of as Silvano Fashion Group Without Notice of the Meeting
The Management Board of AS Silvano Fashion Group, registry code 10175491, address Tulika 17, 10613, Tallinn, proposes to the shareholders to adopt resolutions of the shareholders without convening a meeting pursuant to § 2991 of the Commercial Code. All questions from shareholders regarding the proposed resolutions may be sent in advance to the e-mail address info@ until 18 June 2025 and the answers to all relevant questions will be published on the website of AS Silvano Fashion Group, The list of shareholders entitled to vote on the resolutions of the shareholders will be fixed on June 26, 2025, at the end of the business day of the NASDAQ CSD settlement system. Resolutions of the shareholders can be voted on from June 11 to July 02, 2025 (inclusive). If a shareholder does not cast his or her votes, he or she shall be deemed to have voted against the resolutions. A shareholder has two options to cast his vote: 1. By sending a digitally signed or paper-signed and scanned ballot paper filled in by the voting shareholder or his / her authorized representative to the e-mail address info@ during the voting period. 2. By submitting or sending a completed ballot paper, which has been signed manually by the voting shareholder or his or her authorized representative, to the head office of AS Silvano Fashion Group at Tulika 17, 10613 Tallinn from 9:00-12:00AM on working days, so that it arrives no later than July 02, 2025 12:00AM. When sending paper-signed and scanned ballot papers by e-mail or when sending paper-signed ballot papers by post, a copy of the personal data page of the shareholder's or his / her representative's identity document (eg passport or ID card) must be sent together with the ballot paper. The shareholder's representative must also submit a valid power of attorney for written reproduction in Estonian or English. A shareholder may use a power of attorney form, which is available on the website of AS Silvano Fashion Group If the shareholder is a legal entity registered abroad, please send a copy of the extract from the relevant foreign commercial register showing the right of the representative to represent the shareholder (legal right of representation). The statement must be in English or translated into Estonian by a sworn translator or an official translator equivalent to a sworn translator. The proposals for decisions of the Management Board, which have been approved by the Supervisory Board, are as follows: 1. Approval of the annual report of AS Silvano Fashion Group for 2024 1.1. To approve the annual report of AS Silvano Fashion Group for 2024. 2. Distribution of the profit of AS Silvano Fashion Group in 2024 2.1. To approve AS Silvano Fashion Group the net profit for the financial year 2024 of 12 366 000.- euros. 2.2. Not to separate AS Silvano Fashion Group funds from the net profit of the financial year 2024 to the reserve capital of AS Silvano Fashion Group or other reserves prescribed by law or the articles of association. 2.3. Leave the net profit undistributed and include the net profit of the financial year 2024 in the retained earnings. 3. Extension of the Supervisory Board's authorizations 3. To extend the term of office as members of the Supervisory Board for five (5) years until June 30, 2030 for Toomas Tool, Mari Tool, Triin Nellis, Risto Mägi, Stephan David Balkin. The annual report of AS Silvano Fashion Group for 2024, the report of the independent auditor, and the ballot papers are available to the shareholders on the website of AS Silvano Fashion Group and the website of the Estonian branch of NASDAQ CSD SE as of the date of publication of this announcement. Questions about the items on the agenda can be sent by e-mail to info@ or by post to the company's address. The resolutions adopted by the shareholders will be published as a stock exchange announcement and on the website of AS Silvano Fashion Group no later than 3 July 2025 by § 2991 (6) of the Commercial Code. AS Silvano Fashion Group Email: info@ Tel: +372 684 5000; Fax: +372 684 5300 Address: Tulika 17, 10613 Tallinn Attachments Voting ballot Power of Attorney
