Money Laundering

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Changes to the Persons with Significant Control Regime

The Fourth Money Laundering Directive ((EU) 2015/849) (“MLD4″) must be transposed into national law by 26 June 2017. MLD4 requires (amongst other things)  corporate and other legal entities to disclose their beneficial owners. In many respects this is currently being done under the PSC regime. However, MLD4 goes further than the PSC regime in two … Continue Reading

Fourth Money Laundering Directive

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 … Continue Reading