On 21 February 2020, the Government launched a consultation seeking views on its proposals to expand the dormant assets scheme to include new financial assets. The UK’s dormant assets scheme is currently narrower in its scope than other international schemes, with only bank and building society accounts included. Over the past three years, industry has been working with the government to consider how best to expand the scheme in the UK. In 2017, the Independent…

On 24 February 2020, the Dutch Minister of Finance (the Minister) sent a letter to the Dutch Senate (Eerste Kamer) on the three pending legislative proposals implementing the Fifth Anti-Money Laundering Directive (Vijfde anti-witwasrichtlijn, 5MLD) in the Netherlands: the Act implementing 5MLD (Implementatiewet wijziging vierde anti-witwasrichtlijn); the Act implementing the ultimate beneficial ownership (UBO) register for companies and other legal entities (Implementatiewet registratie uiteindelijk belanghebbenden van vennootschappen en andere juridische entiteiten); and the Bank Data…