EU Member States must make the registers of beneficial owners of companies publicly accessible following implementation of the fifth EU Anti-Money Laundering Directive.
More European countries have acted to implement these registers.
Switzerland, however, has not shown efforts to introduce a central ultimate beneficial ownership register at this time.
Implementation of ultimate beneficial ownership registers has extended beyond the EU. For instance, the British Virgin Islands and Cayman Islands have introduced ultimate beneficial ownership registers (expected to become publicly accessible in 2023) and Panama has also introduced an ultimate beneficial ownership register, but it will not be made available to the public.
Read a January 2020 report prepared by the KPMG member firm in Switzerland
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