United States

October 1 deadline for new German transparency registration nears


In connection with the German anti-money laundering act, entered into Jun. 26, 2016, corporations and partnerships that are registered in the German commercial register must now report their beneficial owners in the new German transparency register.  In addition to corporations and partnerships, other entities, such as foundations, associatsions and trusts must also report their beneficial owners in the new system.  The necessary information -- such as name and surname, date of birth, private address and nature and scope of economic interest -- must be submitted to the transparency register by Oct. 1, 2017.  Businesses can register on this website with the necessary information. This alert from RSM Germany contains further details.


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