What is the legal ruling for establishing a commercial entity or opening bank accounts nominally in another person's name due to personal restrictions on the beneficial owner?
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Radiif AI Legal Assistant
⚡ Quick Answer:
Establishing a commercial entity or opening bank accounts nominally in another person's name, even if done due to personal restrictions on the beneficial owner, does not exempt the beneficial owner from their obligations and rights related to that entity or those accounts, once their beneficial ownership is proven by admission...
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