EU COUNTRIES FALLING SHORT ON BENEFICIAL OWNERSHIP MONITORING
January 1st, 2019
EUROPEAN Union member states are dragging their feet implementing the fourth anti-money laundering directive’s (4AMLD 2015/849) beneficial ownership rules. Only five countries met the June 26, 2017, AMLD4 deadline for having an ultimate beneficial ownership (UBO) register under national law – Britain, Denmark, France, Germany and Sweden- according to the European Commission.
Some member states, such as Poland and Malta, have said they delayed 4AMLD implementing laws because the 5AMLD was coming so closely behind, and they wanted to implement them ...
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