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Recital 24

Recital 24

(24)With a view to enhancing transparency in order to combat the misuse of legal entities, Member States should ensure that beneficial ownership information is registered in a central register located outside the legal entity, in full compliance with Union law. Member States should, for that purpose, use a central database, which collects beneficial ownership information, or the business register, or another central register. Member States can decide that obliged entities are responsible for providing certain information to the central register. Member States should make sure that in all cases that information is made available to competent authorities and is provided to obliged entities when they apply customer due diligence measures.

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