Dutch Authorities to Track all Beneficial Ownership Register Enquiries

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Last month, the Dutch parliament adopted an act requiring the registration of ultimate beneficial owners of corporate entities and other legal entities in the Netherlands, in accordance with the EU Fourth Anti-Money Laundering Directive.

The identity of persons who access the register will be recorded and passed to the Financial Intelligence Unit and other competent authorities upon request, and beneficial owners will be able to view how often their information has been viewed by each type of user. Existing entities have 18 months (1.5 years) to submit the relevant data accordingly.