Skip to content
OrbitaxOrbitax

NGOs Want Beneficial Ownership Registries in Open Data Directive

|Proposed Changes|European Union
European Union

Nongovernmental organizations are pushing for the inclusion of registries for ultimate beneficial ownership (UBO) in the EU open data directive. The way things stand currently there are several discrepancies in the transparency of UBO registries established under the fifth anti-money-laundering directive.

For example, the Luxembourg registry allows research only on individual companies, in Belgium, citizens seeking to access the registry must pay a fee and log into an electronic identificati…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.