Short Reads

UBO Register: implementation in Dutch domestic law delayed

UBO Register: implementation in Dutch domestic law delayed

UBO Register: implementation in Dutch domestic law delayed

22.08.2017 NL law

By 26 June 2017, the Fourth Anti-Money Laundering Directive (2015/849/EU) needed to be implemented in domestic law of the EU Member States.

The Dutch legislator has not met this deadline. The Directive includes the introduction of a register containing information about the ultimate beneficial owner (UBO) of all companies and other legal entities. A legislative proposal to implement the Directive and introduce the UBO register is expected later this year, according to a spokesperson for the Dutch Ministry of Finance, responsible for the legislation.

Click here for our previous corporate update on the UBO register and its implementation in Dutch law.

 

Team

Related news

17.10.2019 NL law
Objective indicator high-risk third countries repealed as of 18 October 2019

Short Reads - The Implementation Decree for the Wwft 2018 has been amended. As a result, as of 18 October 2019 institutions subject to the Dutch Anti-Money Laundering and Anti-Terrorism Financing Act will no longer have to report transactions solely on the basis that this transaction relates to an individual residing, or a legal entity having its registered office in, a high-risk third country.

Read more

Our website uses functional cookies for the functioning of the website and analytic cookies that enable us to generate aggregated visitor data. We also use other cookies, such as third party tracking cookies - please indicate whether you agree to the use of these other cookies:

Privacy – en cookieverklaring