Commencing on January 1, 2024, the Corporate Transparency Act (the “CTA”) will come into force in the United States, with its primary aim being the establishment of a mandatory reporting system for many U.S. and foreign entities. The stated goal of the CTA is to fight...
Congratulations to Akos Menyhei whose article titled “The impacts of the beneficial owner register on Hungarian asset management foundations, trusts, and hybrid trusts” was published in the May edition of the Oxford Journals. Read the full article here. ...
After a long (European) legislative process, on July, 7 2020 the Registration Implementation Act was finally published in the Dutch Bulletin of Acts, Orders and Decrees. This law paves the way for the introduction of the so-called UBO register. As of September 27,...
The European Union’s 5th Anti-Money Laundering Directive required that EU member states should set up beneficial ownership registers for corporate and other legal entities by January 10, 2020, and for trusts and similar legal arrangements by March 10, 2020. My...
On 19 March, the European Data Protection Board (EDPB) adopted a formal statement on the processing of personal data in the context of the COVID-19 outbreak, which emphasizes that data protection laws do not hinder measures taken in the fight against the pandemic, and...
