UBO registers under the EU 5th AML DIRECTIVE – General principles and their application in some selected Member States. 20 May 2021
UBO registers of companies and trusts are in the process of being introduced in all EU member states under the 4th and 5th AML Directives. A general introduction of the principles set out in the Directives will be followed by some examples of actual implementation in selected member states, with a special focus on Luxembourg. The case of a company controlled by a trust or a foundation will be specifically reviewed based on the enactments in different EU member states.
- Mr. Paolo Panico, Law Chambers, Private Trustees SA