So you say that you own shares in ISX, because you hold them through a trust. You don't say "I am a beneficiary of a family trust with a corporate trustee, and that trust owns shares in ISX". Fair enough. Seems reasonable. You have beneficial ownership, even if not direct ownership - no problems.
But when I say "JK previously had Australian company shares, now he has Cyprus shares", you respond with "Karantzis's shareholding have been and have always been in a BVI entity. Nothing has changed. What are you on about?"... Well, I'm on about that.
"Banks in the BVI have a higher ranking in the international community when it comes to AML compliance than the banks in Australia".
1. This rating wouldn't be particularly relevant. No one has suggested JK is money laundering.
2. I haven't found anything to back up your assertion. In fact, the first link when I googled that was this one: https://www.knowyourcountry.com/bvi1111 which rates BVI as High risk for money laundering, and Medium risk for FATF 40+9 regulations. Australia is lower at Medium, Medium.
I never said I was concerned about the BVI. I know how the anti-avoidance provisions work. Use of a tax haven isn't illegal, as long as you declare your income in your country of tax residency. I couldn't tell you the tax residency of JK's companies, though if JK is here, there's an argument for Central Management and Control. I'm sure the court will deal with it in their normal course. You know... unless they're part of the ASX, ASIC, ATO, Visa, AFR conspiracy. Eventually, blaming everyone else gets old - the common factor is JK.
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