3 ms·
Are UBO's publicly stated? It seems like that would get rid of a lot of corporate shell games no?
by taurath 9y ago
Are UBO's publicly stated? It seems like that would get rid of a lot of corporate shell games no?
- jacquesm 9y agoUsually this is in the form of an official declaration for instance to a bank or the local tax authority, UBO's could be publicly stated but I do not know of any country that does this.
- ckastner 9y agoEU member states will, in future. Articles 30 and 31 of the Fourth AML Directive, Directive (EU) 2015/849 [1], mandate that member states set up a register (= database) with BOs of all corporations and legal entities within their jurisdiction. All legal entities are required to report their BOs into this registry. It's not accessible to the public in the sense that anyone can anyonymously look up data, but among other things, it's open to "any person or organisation that can demonstrate a legitimate interest." [1] http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32015L0849 http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A3...