Members of the public will have the right to find out who is behind complex corporate structures, shell companies and letterbox firms, under new rules to combat money laundering and tax avoidance agreed by European Union lawmakers in the early hours of this morning (17 December).
Under the deal, member states will be required to maintain central registers with details of the owners of all companies base in their territory. The registers will be accessible to any member of the public who can show a “legitimate public interest”.
Although member states will have to compile registers of the beneficial owners of trusts, …read more
Source: European Voice
