EU MEMBER STATES HAVE FAILED TO COMPLY WITH 5AMLD ON CREATING OPEN UBO REGISTERS
March 2nd, 2020
Only five European Union (EU) member states out of the current 27 have fully and properly complied with a requirement to set up public ultimate beneficial ownership (UBO) registers by January 10 (2020) under the fifth anti-money laundering directive (5AMLD), according to research by campaign group Global Witness. Only Bulgaria, Denmark, Latvia, Luxembourg and Slovenia, plus the UK, which left the EU on January 31, have set up public UBO registers that are free to access. While another five - Austria, Estonia, Germany, Ireland and Poland - have a ...
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