Dutch trustees required to register as UBOs

Pedro Gonçalves
clock • 2 min read

All trustees of Dutch pension funds must register as "ultimate beneficial owners" (UBOs) as part of the European Union's policy against money laundering, the Dutch finance minister has said. If an UBO at a pension fund cannot be clearly identified, the scheme's entire board must be registered as a "pseudo UBO", Hoekstra added, IPE first reported. Under new European Union anti-money laundering rules, all EU states are supposed to implement public registers, open to those with a legitimate interest, of all companies incorporated in their territories. These registers are supposed to s...

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