Family Office Insights: Beneficial Owners of German Subsidiaries

    View Authors January 2018

    To help keep you up to date on key issues and trends affecting family offices around the world, our global Family Office cross-practice team will continue to provide informative and strategic content in the form of our Family Office Insights. Building on the enthusiastic responses we received last year, we look forward to sharing our thought leadership series with you in 2018.

    As such, we are pleased to present our first Insight of the New Year. The attached article, “Beneficial Owners of German Subsidiaries,” written by our Frankfurt-based colleague Andreas Fillmann, offers insight into the impact of the modified German Money Laundering Act (Geldwäschegesetz) on legal entities, registered partnerships, trusts, fiduciary entities and incorporated foundations, and the duty to report their beneficial owners to the German transparency register.

    Please contact your principal lawyer or lawyers listed in the publication for additional information or help on these matters from our global Family Office team.

    Sincerely,

    Daniel G. Berick
    Corporate, Cleveland 

    Bernhard D. Gilbey
    Tax Strategy & Benefits, London