Dutch implementation of the 4th Anti-Money Laundering (EU) Directive: introduction of the ‘pseudo‘ UBO

On the 25th day of July 2018 the Implementation Act of the 4th Anti-Money Laundering (EU) Directive (the ‘4th AML Directive’) came into effect by amending the Money Laundering and Terrorist Financing (Prevention) Act (the ‘Wwft’) and the Implementation Decree Wwft 2018 (the ‘Decree’). The purpose of the 4th AML Directive is to further prevent abuse of the financial system, by registering who qualifies as an ultimate beneficial owner (‘UBO’). Read more

VCL Luxembourg Flash Tax News – August 2018

Topics

  1. ATAD implementation – Bill 7318
  2. Multi-lateral convention to implement tax treat related measures to prevent base erosion and profit shifting (“MLI”) implementation –Bill 7333
  3. Value Added Tax (“VAT”) – group VAT and market conditions – Bill 7278 approved by the Luxembourg Parliament

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