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Dear Reader,
Under the provisions of Article 30 of the Directive 2015/849 (Fourth AML Directive), Member States have to ensure that corporate entities obtain and hold adequate, accurate and current information on their beneficial owners. Even though the relevant provisions of the Fourth AML Directive have been adopted already in 2015, the relevant provisions of the Directive have been transposed in the national laws only recently.
The new mechanism works in parallel to the obligation to disclose and register the shareholders of corporate entities and in many countries will introduce a new set of reporting obligations for companies.
The purpose of this newsletter is to briefly describe the reporting requirements and core deadlines for the new obligations in Latvia, Lithuania and Estonia.
We will be happy to answer your specific questions or to assist in dealing with a particular corporate law issue.
With kind regards,
COBALT Law offices
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