Just 45% of firms have met ownership register deadline: FD

The Dutch finance ministry estimates that no more than 45% of companies and institutions required to register who their main owners are have actually done so, the Financieele Dagblad said on Tuesday. The register of ‘ultimate beneficial ownership’ is part of EU anti money-laundering efforts and seeks to establish who the real owners and controllers of companies, foundations and partnerships actually are. But the measure has been widely criticised by shareholders because of the privacy aspects. Although the complete register...