Insight
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Insight
The new EU Anti-Money Laundering Package and its implications for foundations and trusts as well as their subsidiaries
From 10 July 2027, the determination of beneficial ownership will change as part of the EU-wide harmonization introduced by the EU Anti-Money Laundering Package. The scope of beneficial ownership will expand, and significant deviations from the current German framework can be expected, particularly with respect to foundations, trusts, and their subsidiaries. As a consequence, additional reporting obligations will arise in relation to the identification and disclosure of beneficial owners.
