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Planned Ownership Registries Will Have Broad Impact on Europe’s Shell Companies, Says MEP
printThe expected approval of amendments to the EU's proposed Fourth Anti-Money Laundering Directive will shine greater light on tax evaders and financial criminals hiding behind shell companies and trusts, according to Judith Sargentini, a Dutch member of the European Parliament. In a vote slated for Thursday, representatives of the EU's 28 member-states will approve the proposed directive, including a contentious amendment to require nations to publicize the beneficial owners of corporations, according to Sargentini. The directive, known by the acronym 4AMLD, will still require approval by the Council of the European Union following the vote. Sargentini, who leads the GreenLeft...
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