Slovenia Takes Step towards Greater Transparency in Beneficial Ownership

Enhancing Financial Transparency in Slovenia

The Republic of Slovenia has made significant progress in enhancing its beneficial ownership transparency, marking an important step in the country’s efforts to combat money laundering and other illicit financial activities.

Implementation of Central Register of Beneficial Owners

According to the latest data available as of 12 June 2024, Slovenia has implemented a central register of beneficial owners, known as the Register of Beneficial Owners. This move aligns with the European Union’s fifth Anti-Money Laundering Directive, which obliges member states to establish such registers.

Key Features of the Register:

• Access is restricted to individuals who can demonstrate a legitimate interest in accessing it
• The register exists but its contents are not publicly available

Commitment to Beneficial Ownership Transparency

The establishment of the Register of Beneficial Owners follows Slovenia’s commitment made at the 2023 Summit for Democracy to effectively implement beneficial ownership transparency measures and maintain an up-to-date registry or alternative mechanism.

Remaining Concerns and Future Developments

While Slovenia’s decision to create a central public register of beneficial owners is a crucial step in enhancing its financial transparency, concerns remain regarding the limited access to information contained within the register. Efforts by Slovenian authorities to increase transparency and accountability will be closely monitored as they continue to evolve their system for recording and disclosing beneficial ownership information.

Data Availability

Data on Slovenia’s beneficial ownership reforms is available on Open Ownership maps, which draw from publicly available sources. For countries marked in grey, there may not be comprehensive data or information available. Users are encouraged to submit any corrections or new data through the provided form.