Dáil Éireann Debate, Tuesday - 23 September 2014
159. Deputy Pearse Doherty asked the Minister for Finance if the fourth revision of the Anti-Money Laundering Directive will prevent him in any way from establishing a publicly available register of beneficial owners of companies and trusts here; and if he will make a statement on the matter. [35268/14]
View answerIt should be noted that further negotiations need to take place between the EU parliament and the Council to finalise the text of the 4th Anti-Money Laundering Directive ("4AMLD").
The text as agreed by Council provides that beneficial ownership information be made available in specified circumstances. Our position has always been in favour of greater transparancy in relation to beneficial ownership. I understand that there has been further debate on this issue in the Trilogue negotiations with Parliament. Our transposition process will commence on completion of that process.
