Article 30 of the fourth Anti-Money Laundering Directive (the 4AMLD, (EC) 2015/849) imposes the obligation to introduce a central register which identifies Ultimate Beneficial Owners (UBOs) of (legal) entities (the “UBO register”).
The 4AMLD leaves discretionary room for the EU Member States on the implementation of the UBO register on cer tain specific points. In light of this, DLA Piper has composed the below overview.
This overview provides a preliminary impression of how the EU Member States might implement the UBO register in their national legal systems.
Click on it to download as a PDF.