Netherlands:
Dutch Family Businesses Express Privacy Concerns Regarding UBO Register
17 September 2015
Jones Day
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On June 9, two major Dutch business lobby organizations
expressed privacy concerns in a letter to the Minister of Economic Affairs and the
Minister of Security and Justice (source document in Dutch)
regarding the implementation of the Fourth Anti-Money Laundering
Directive. The Directive requires EU member states to
establish a register of ultimate beneficiary owners
("UBOs"), which would contain information about persons
holding at least 25 percent of the voting rights or capital
interest in a company. The organizations urged the Ministers to
counter these measures in the Directive.
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