Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 (“Fourth Money-Laundering Directive” or simply the “Directive”) revised and extended the results which must be achieved by national laws to prevent money laundering and terrorism financing. One of these measures is the creation of central registers (also known as “transparency registers”) in each Member State which provide information on the beneficial ownership of legal entities (by Stefan Raster for Ars Legis, Newsletter Bank and Capital Markets Law 01/2018).
Autor RA Stefan Raster
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