On 6 March 2018, the Dutch Parliament (Tweede Kamer) adopted the draft legislative proposal of the Act implementing the Fourth Anti-Money Laundering Directive (EU/2015/849) (Vierde anti-witwasrichtlijn, 4MLD) (the Implementation Act).
The Implementation Act implements the 4MLD by amending the Act on the prevention of money laundering and financing of terrorism (Wet ter voorkoming van witwassen en financiering van terrorisme). The Implementation Act does not contain provisions in relation to the obligation for EU Member States to introduce a (publicly accessible) register containing certain information on the ultimate beneficial owners of corporate and other legal entities (commonly referred to as the UBO register). The introduction of the Dutch UBO register is being dealt with in a separate legislative proposal.
The Implementation Act has now been sent to the Dutch Senate (Eerste Kamer) and will come into force after its adoption there. The implementation deadline of 26 June 2017 has long expired.
View the Implementation Act (Dutch only), 7 March 2018.