The Competent Authorities commit to provide the means for international cooperation with respect to the basic information and Beneficial Owners of companies and legal arrangements, whereby such cooperation shall include the following:
Facilitating the access of foreign competent authorities to basic information held by the registries of companies and legal arrangements;
Exchanging information on legal arrangements and the shareholders in companies;
Using their powers to obtain all the information on Beneficial Owners on behalf of foreign counterparts.
The Competent Authorities shall supervise the implementation quality for the international cooperation requests received from other countries in relation to basic company information and Beneficial Ownership for companies and legal arrangements, as well as the requests for international cooperation relating to determining the location of the Beneficial Owner from companies abroad.