This GT Alert expounds on the implementation of the Dutch register of ultimate beneficial owners (UBOs) of trusts and similar legal arrangements (trust register). The obligation to arrange a trust register derives from the Fifth Money Laundering Directive ((EU) 2018/843) (5MLD). The aim of the trust register resembles the aim of the UBO register; preventing the financial system from being used for the purposes of money laundering or terrorist financing.
Dutch Ultimate Beneficial Owner (UBO) Trust Register Implementation
