New Transparency Requirements for German Companies

New national central register: ownership structures and beneficial owners must be notified


„The German Government tightens up its fight against money laundering!“ This was the goal for the implementation of the EU’s Fourth Money Laundering Directive in Germany. One of the most essential components of this Directive is the new central electronic transparency register. All legal entities and business partnerships must inform the register about their ownership structure and, in particular, the identity of any beneficial owners. Weiterlesen