The Dutch government launched a consultation on 17 April 2020 for a legislative proposal on the introduction of an ultimate beneficial ownership (UBO) register for trusts and similar legal arrangements, including Dutch mutual funds. The register for trusts is required as part of the fourth EU Anti-Money Laundering Directive and would be in addition to the UBO register for corporate and other legal entities, which was approved by parliament in December 2019.
Under the draft proposal, Dutch tr…