Peppie & UBO: privacy concerns for business leaders and directors. (Why anti-money laundering policies can wreak havoc on culture)
Our government leaders, united in Europe, have come up with something to combat the masking of corruption. It is called UBO register. The Netherlands is also going to introduce it in the near future. This has consequences, also for cultural foundations and associations. Because every organisation has to determine who is a UBO (Ultimate Beneficial Owner). This causes some complications. In the cultural sector, it is...