The European Commission has concluded public consultations on the rules for submitting information to beneficial ownership registers. The document has been published on the Commission’s official portal.
On March 19, 2025, the agreement on legal assistance between Russia and Estonia officially ceased to be in effect. One of the key legal consequences of this event is the requirement to apostille documents for mutual recognition. The publication "Northern Coast" writes about the change in the legal situation.
Regulation No 2024/2465 has been published in the Official Journal of the EU, which publishes Union regulations. This document includes a list of state bodies responsible for all sanctions-related issues in individual EU Member States. The relevant structures are vested with powers to manage, consult and issue the necessary permits.
On June 26, 2024, the regulation establishing the EU Anti-Money Laundering Authority (AMLA) officially came into force. Reuters reports this.
AMLA's two main objectives will be EU-wide anti-money laundering supervision and support to national financial intelligence units in European countries.
Transparency International has criticised the authorities of a number of European Union member states for restricting journalists and non-profit activists from accessing registers of beneficial owners of businesses.
If you want to get married in another EU country or look for work, you may need to present a public document – i.e., a document issued by an authority – such as a birth certificate or a criminal record certificate.
The now in opposition Labor Party has called on official London to tighten financial controls and registration procedures in the UK. The corresponding statement was made by Pat McFadden, the British shadow secretary of the Treasury.
The Pandora Archive has drawn the attention of regulators to the financial and crypto industries. The crypto exchanges have been branded as accomplices of money laundering and have been accused of having trouble with unregulated forex brokers in the Caribbean.
The EU Council has accepted a Directive on Public Country Reporting, which will oblige large multinational companies to disclose their income taxes to the public.
Following the 5th Directive, which significantly strengthened existing anti-money laundering provisions, the 6th Directive aims to enable financial institutions and authorities to further expand AML control by expanding the scope of existing legislation clarifying some regulatory details, and tightening up criminal sanctions in the EU.
The Global Initiative Against Transnational Organized Crime (GI-TOC) analyzed the level of implementation of anti-corruption commitments by Montenegro, Albania and several other countries as of 2021.
On October 5, 2021, on a meeting of EU finance ministers, a decision will be made to exclude Seychelles, Dominica and Anguilla from the EU's "black" list of tax havens said Reuters.
The Montenegrin authorities have published publicly available data on foreigners who received Montenegrin passports for 2020-2021, including under the investment citizenship program.
The European Commission has filed lawsuits against the authorities of Cyprus and Malta for violation of the Commonwealth legislation due to the peculiarities of their programs of granting citizenship in exchange for investment - the so-called "golden passports".
The Register of Beneficial Ownership is a database which contains information about the ultimate beneficial owner of a company (a natural person) or a complex corporate structure.
