Legal Arrangements Similar to Trusts in Estonia under the EU's Anti-money-laundering Directive

Author:Katrin Sepp
Pages:56-65
SUMMARY

According to EU Directive 2015/849, all Member States must establish a central register of data on ultimate beneficial owners of corporate legal entities and also of trusts and legal arrangements similar to trusts. First of all, this requires identification of the latter arrangements in the individual Member States, which is not an easy task: the definition related to being ‘similar to trusts’ is quite vague.... (see full summary)


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