Legislation on Beneficial Ownership Registration Requirements for Trusts Moves Forward in Dutch Parliament

On 5 November 2021, the draft Bill on the Implementation Act on the registration of beneficial owners of trusts and similar legal arrangements was reportedly adopted in the Dutch House of Representatives (lower house of parliament). The implementation of the beneficial ownership registration requirements for trusts and similar is required as part of the EU Anti-Money Laundering Directive (AMLD)…
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