BENEFICIAL OWNERSHIP REGISTER

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Each Company must set up a beneficial ownership registerBeneficial Ownership, Register, Article 30

The beneficial ownership register comes under Article 30 of the 4th EU Anti-Money Laundering Directive. It requires all EU Member States to legislate  around beneficial ownership information for companies and legal entities.

There are two stages to this process:

  1. As of 15 November 2016 Companies and legal entities must hold information on their beneficial owner in their own beneficial ownership register.
  2. Companies and legal entities will file this information with the central beneficial ownership register.