Shell companies
EU demands more transparency on company ownership
Crackdown on money laundering, terrorist financing imposes greater transparency on companies and trusts
European Union (EU) rules requiring greater transparency on who really owns companies and trusts have passed a major legislative hurdle as part of a crackdown on money laundering and terrorist financing.
The European Parliament and Council agreed a package of measures on Friday, paving the way for a formal agreement which will then see the rules introduced into national law across Europe within 18 months.
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