The Fourth Money Laundering Directive, published in the Official Journal, is in substantially the same form as the text adopted by the European Parliament at second reading.
The directive must be implemented by member states by 26 June 2017. It will require companies and other legal entities incorporated in EU member states to keep a register of beneficial owners from summer 2017. This is similar to the register of people with significant control (or PSC register) that all UK companies, other than those publicly traded companies which already report under DTR 5, will be required to keep under the Small Business, Enterprise and Employment Act 2015.
A copy of the directive can be viewed in the Official Journal.
