Beneficial Ownership Reporting
Global calls for transparency in relation to multinational corporations and their subsidiaries have led to more stringent beneficial ownership requirements.
On 26 June 2017 the European Commission imposed a deadline for member states to transpose the Fourth Anti-Money Laundering Directive into national law.
The directive also touches upon tax evasion, money laundering, andterrorist financing.These developments in the EU have led to changes in beneficial ownership reporting outside of the EU which can have further implications for multinational organizations.
Let TGC help ensure you’re in the right with your global beneficial ownership reporting. Don’t get stuck chasing ever-changing legal and compliance changes; talk to us today and make sure you stay ahead of the most current laws and compliance requirements.
Contact us with any questions for more information.