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PKF newsletter 12|2019
Transparency register – Disclosure requirements for Kommanditgesellschaften (German limited partnerships)
In the wake of the entry into force of the new German Anti-Money Laundering Act, on 26.6.2017, an electronic transparency register was introduced in Germany for the first time. The beneficial owners of companies and associations specified in the Act have to be recorded in the transparency register. The aim of this is to help prevent the abuse of associations and legal structures for the purpose of money laundering and terrorist financing.
- PKF newsletter 12|2019 Transparency register – Disclosure requirements for registered KG (German limited partnerships)