Burdens arising from the transparency register
- Publisher
- Stiftung Familienunternehmen
- Release
- Munich, 2023
- Institute
- Centres for European Policy
CSIL
Prognos AG - Isbn
- 978-3-948850-30-2
Transparency register: Too much work for family businesses
In Germany, it takes a company 45 minutes to create an entry in the transparency register for the first time. In other EU countries, this is quicker and easier. What’s more, in Germany all companies without exception have to make an entry, in other countries only certain ones.
These are just two of the differences revealed in an empirical study conducted on behalf of the Foundation for Family Businesses to analyse the administrative burdens created by the transparency register of the EU Money Laundering Directive.
It is volume three of the four-part series “Bureaucracy costs” and clearly shows that there is still plenty of room for improvement. One of the authors’ recommendations is that the establishment of a centralised EU transparency register could be a good idea.
The study, which was based on interviews, was conducted by the Centres for European Policy Network and Prognos AG. It included the four Member States of Germany, France, Italy and Austria.
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