Beneficial Ownership – Is Europe connecting the dots?

Presented by

Neil Isherwood - Due Diligence Subject Matter Expert, Dun & Bradstreet

About this talk

Understanding Ultimate Beneficial Owners (UBOs) is a fundamental regulatory requirement in EU Money Laundering Directives. To support this drive, the EU Commission has been tasked to connect the various UBO registers at EU level by 10th March, 2021, to provide a consistent and transparent pool of information on UBOs across the region. However, as with all of the EU Money Laundering Directives, each member state has, or will, implement directives in the way that best suits their unique frameworks and political needs. When it comes to aligning the registers, this presents some challenges. Some states are still in the process of setting up their register, while registration isn’t required in others. Some require payment for access to the data, while others don’t currently make the data publicly available at all. Data also differs between regions, for example whether legitimate interest is required. During this webinar, we take a look at: •the landscape of the EU Money Laundering Directives with a focus on Beneficial Ownership •the approaches being used •how the future connection of registers may work

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