With the EU Anti-Money Laundering Regulation (known as the “Single Rulebook”; EU Regulation 2024/1624, “EU AMLR”) adopted on May 31, 2024, uniform EU-wide rules on beneficial ownership and corresponding obligations will apply for the first time from July 10, 2027. The new provisions of the EU AMLR will present new challenges for the compliance management both of solely nationally operating companies as well as cross-border organized groups. To ensure that companies comply with money laundering regulations and to rule out personal liability risks, management and compliance officers should make the necessary preparations to comply with the new provisions of the EU AMLR at an early stage.
During our Deloitte Legal Update Webcast our Deloitte Legal AML compliance experts Rechtsanwalt Jens Hoffmann and Rechtsanwältin Anna-Lena Kringel will outline the anti-money laundering and transparency requirements unified for the first time EU-wide by the EU Anti-Money Laundering (AML) package.
These new requirements will lead to a comprehensive expansion of the obligations of German and foreign companies regarding the notification of their beneficial owners to the German transparency register. The new regulations will expand the scope of German and foreign companies subject to notification obligations to the transparency register and introduce a new system for the determination of beneficial owners. Furthermore, companies subject to notification obligations must be aware of new documentation obligations and new obligations regarding the submission of evidence and additional statements. As a result, all companies subject to notification obligations will have to re-identify their beneficial owners and newly notify such to the transparency register, accompanied by submission of respectively required evidence and additional statements. Particular care must be taken to avoid conflicting notifications to the respective member state transparency registers, especially in the case of a group presence in several EU member states.
In addition, it is important to keep an eye on the implementation of the other parts of the EU anti-money laundering package, particularly those relevant to sanctions and procedural law. This applies in particular to the requirements of the 6th EU Money Laundering Directive (“6th EU AMLD”), which must be transposed into national law by the member states by July 10, 2027. The speakers will also address these issues.
Our experts will be available for a Q&A session after the webcast. You are welcome to submit your questions when you register.
We look forward to your participation!
Information
In case of orgaization questions, please contact
Sabine Sander-Schweden
Tel: +49 40 37853831
E-Mail: ssander-schweden@deloitte.de
Register now!
Register here for our Webcast.
For further background information on the subject of the current webcast and the corresponding new regulations we refer to our four-part Deloitte Legal series of articles on the EU Anti-Money Laundering (AML) package:
- Part 1: The EU Anti-Money Laundering (AML) package
- Part 2: The expansion of the scope of companies subject to notification obligations to the transparency register
- Part 3: The EU-wide unified system for the determination of beneficial owners
- Part 4: Additional obligations in connection with notifications to the transparency register
Jens Hoffmann
