UBO-Registers in the BeNeLux, a state of play

Due to EU Directive 2015/849 (the “4th AML Directive”) and its successor, EU Directive 2018/843 (the “5th AML Directive), all EU Member States are held to establish registers of so-called “Ultimate Beneficial Owners” or “UBO’s”. In these registers, the data of individuals being UBO’s of corporate and other legal entities incorporated in the territory of such EU Member State are to be registered. The purpose of this exercise is to increase the prevention of money-laundering and terrorism financing.

Please click here to read the full article which outlines the current state of play for the Benelux countries on the Lexology website.