On August 1, 2021, the Transparency Register and Financial Information Act (Transparenzregister- und Finanzinformationsgesetz, TraFinG; the “Act”) entered into force gradually strengthening registration requirements for the Transparency Register. The Act’s main provisions implement the Directive on access to financial information, (EU) 2019/1153, by amending the Money Laundering Act (Geldwäschegesetz, GwG). The amendments force nearly all legal entities registered in Germany, i.e. including all German subsidiaries of Japanese companies, to actively register with the German Transparency Register within 2022. The Act’s stated goal is to improve the interconnection of various European transparency registers and strengthen regulations over money laundering and terrorist financing. This newsletter provides an overview of the updated Transparency Register and outlines the content of registration....To read the full article, please see the PDF file
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Europe Newsletter (May 19,2022) (294 KB / 2 pages)
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Dominik serves as co-representative of our offices in Frankfurt and Düsseldorf, Germany. He advises Japanese companies on corporate and cross-border M&A matters, as well as European companies regarding their business expansion into Southeast Asia (notably Indonesia, Thailand and Vietnam). He has a wealth of international experience and brings unique insights into deal-making across different cultures in both emerging and mature markets. Before joining the Tokyo office of Nishimura & Asahi in November 2019, Dominik worked at Clifford Chance (based out of Düsseldorf, Germany, and New York) and as in-house counsel at Pfizer, Inc. (New York).