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Five EU Countries Announce Plans to Develop Multilateral System for Automatic Exchange of Beneficial Ownership Info and G20 Listens

|Proposed Changes|France-Germany-Italy-Spain-United Kingdo ...
France-Germany-Italy-Spain-United Kingdom-G20

On 14 April 2016, Finance Ministers from France, Germany, Italy, Spain, and the United Kingdom (G5) announced plans to develop a multilateral system for the automatic exchange of beneficial ownership information. The announcement was made during the IMF-World Bank 2016 spring meeting held in Washington, D.C., and was followed by support for action on transparency and beneficial ownership in a G…

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