NETHERLANDS: No beneficial ownership register until next year at the earliest

The Dutch government has postponed until 2019 the introduction of a register of company beneficial ownership. The register should have been operating since last June, under the timetable set by the EU Fourth Anti-Money Laundering Directive, but the EU’s recent adoption of the Fifth Anti-Money Laundering Directive has prompted the Netherlands to further delay the so-called UBO-register, which will now have to cover trusts as well as companies.