EU Registers on ultimate beneficial owners


EU member states will be obliged to maintain central registers on the ultimate beneficial owners of corporate and other legal entities including trusts.

EU Parliament voting on UBO public registries

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On March 11th, 2014, the European Parliament endorsed the creation of public registers of ultimate beneficial owners of companies, trusts and other legal structures. The Parliament voted 643 to 30 in favour of a common position on the revision of the EU Anti-Money Laundering Directive (AMLD). This will make it much harder for criminals, tax evaders, corrupt politicians and other … Read More