MEPS MOVE TO CRACK DOWN ON “SECRET PHANTOM FIRMS”
February 1st, 2014
MEMBERS of the European Parliament have backed the proposed fourth European (EU) anti-money laundering directive, as long as a public register provision be included in it. If MEPs get their way, any company registered in an EU member state would be obliged to provide information about its beneficial owner including: name, date of birth, nationality, jurisdiction of incorporation, contact details, number and categories of shares, and – if applicable - the proportion of shareholding or control. Both the European Parliament’s economic affairs committee and its ...
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