Considering the preliminary agreement in the European Parliament and the Council on the EU Commission's legislative package related to anti-money laundering and counter-terrorism financing, companies are expected to comply with increasingly stringent regulations.
Among other things, the proposed anti-money laundering regulation will include requirements related to increased transparency around real beneficial owners, in addition to expanding the scope of reporting entities to include parts of the crypto sector and luxury goods market.
New rules regarding registers for real beneficial owners have also been proposed. This new proposal underscores the need for effective solutions for owner registration that can help companies navigate through the complex landscape of regulatory requirements.
Equro's digital share ledger is an innovative platform that not only simplifies the management of shareholder registers but also helps maintain compliance with new and existing regulations.
The benefits of using a digital share ledger like Equro's solution in this new EU-regulated environment are numerous:
- Increased Transparency: Equro's platform provides a clear overview of the shareholder structure, making it easier to identify and report real beneficial owners.
- Efficiency in Due Diligence Processes: In an environment where thorough customer checks are essential, the digital share ledger offers quick and reliable access to relevant shareholder information, saving time and resources.
- Compliance with Current Regulations: The platform is designed to adapt to continuous changes in legislation, ensuring that users stay up-to-date and comply with the latest requirements.
- Security and Confidentiality: Equro's solution offers a secure and confidential way to handle sensitive data, an important aspect given the increased emphasis on data security in the financial sector.
- Easy Integration and Use: With a user-friendly interface, the platform makes it easy for both small and large enterprises to integrate and manage their share ledger digitally.
- Registration of Real Beneficial Owners: The platform also allows for the maintenance of a register of real beneficial owners within the same solution as the share ledger.
In an increasingly complex and regulated market, it becomes even more important for companies to have reliable systems and processes in place. Equro's digital share ledger represents such a solution, not only aiding in complying with the new EU regulations but also simplifying and streamlining shareholder administration.
Feel free to contact us if you want to know more about our solutions.
Did you know that we submit several thousand shareholder register reports via Altinn every year and are thus one of Norway's largest providers to the Norwegian Tax Administration?