News

Germany's national register of beneficial owners, a cornerstone of the nation's efforts to prevent criminals from using legal entities to move and hide assets, has become the latest to fall under scrutiny as part of the EU's "special focus" on corporate transparency. In November 2022, the EU's executive arm, the European Commission, began assessing each of the bloc's 27 nations for compliance with "articles 30 and 31 of the Fifth Anti-Money Laundering Directive," or 5AMLD, which require them to collect and make the names, addresses and other details of the beneficial owners of legal entities publicly available. The assessments are...