Europe under pressure to overturn ban on public access to beneficial ownership information
Representatives of civil society, media and academia from across the Europe and beyond are lobbying European Union (EU) legislators to restore the right of individuals holding a legitimate interest to access Europe’s ultimate beneficial ownership (UBO) registers. Such individuals include journalists, civil society organisations and…
Europe edging towards overturning ban on public access to beneficial ownership information
Two key committees of the European Parliament have both voted to have Europe’s ultimate beneficial ownership (UBO) registers reopened to people holding a legitimate interest. Such individuals include journalists, civil society organisations and higher education institutions. These individuals were banned from accessing the register after…
SmartSearch announces beneficial owner identifier partnership with Experian as it sharpens focus on business services
SmartSearch, a UK online provider of Anti Money Laundering (AML) services, has launched a new service to help businesses identify the ultimate beneficial owner (UBO) of large corporates. According to the Finextra news channel the increased capability is a result of SmartSearch integrating with Experian’s…
Details unclear in Egypt’s new beneficial ownership register
Companies doing business in Egypt are now required by law to disclose the ultimate beneficial ownership (UBO) of any entity. Ownership information will be publicly available, but some details of what should be included on each register are unclear.
