Everyone must be listed in the registry – How the new EU Anti-Money Laundering Regulation redefines the group of beneficial owners for foundations, trusts, and their subsidiaries

The new EU Anti-Money Laundering Regulation will enter into force on 10 July 2027. It significantly expands and strengthens the transparency obligations applicable to foundations, trusts, and the companies owned or controlled by them. These changes are of the utmost practical significance to the individuals involved, the legal entities affected, and their advisors.

This primarily concerns the questions of who will qualify as a beneficial owner, how the reporting obligations will apply to subsidiaries, and the extent of the compliance obligations that will be imposed on family-owned businesses and family foundations in particular.