Wolf Theiss carefully monitors the developments and challenges related to the increasingly complex legislation designed to fight money laundering and terrorism financing. One of the most talked about obligations recently imposed by Directive (EU) 2015/849 and transposed into national law by EU Member States is the requirement to register the ultimate beneficial owner (“UBO”) of legal entities in an online register.
This guide serves as a comprehensive overview of the legislation concerning the obligation to register UBOs in CEE/SEE. Although national rules in the region are similar in principle, each country has considered its own particularities under their legal frameworks, making it especially worthwhile to look at differences in filing deadlines, country-specific penalties and confidentiality issues.
Download related file: The Wolf Theiss Guide To: Ultimate Beneficial Ownership Register in Central, Eastern and Southeastern Europe / *.pdf