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The Council of the European Union Adopts New Anti-Money Laundering Rules including Central Registers for Beneficial Ownership Information

|Approved Changes|European Union
European Union

On 20 April 2015, the Council of the European Union adopted a new anti-money laundering directive and regulation. The directive includes the requirement that all EU Member States maintain a central register of Information on beneficial ownership of companies, which must be accessible to competent authorities, financial intelligence units and, as part of customer due diligence, obliged entities …

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