EU regulatory register · AMLR
Article 58Identification of beneficial owners for express trusts and similar legal arrangements
CELEX 32024R1624 · Read on 2026-08-22
Short answer
1. The beneficial owners of express trusts shall be all the following natural persons:
Verbatim from the article. Source: NovaCopilot · https://legal.exploreworldai.com/eu/rattsakter/penningtvatt-2024-1624/artikel-58 · Short answer as data · Official text
Anti-money laundering (AMLR) in short
Obliged entities must know their customers, identify beneficial owners and report suspicious transactions. Cash over EUR 10,000 is banned.
- Who is a beneficial owner?
- When must a suspicious transaction be reported?
- Does the EUR 10,000 cash limit apply to everyone?
Source: NovaCopilot
Official text
Read from the EU Publications Office for this CELEX number. The wording stands as published; nothing here is rewritten or summarised.
1. The beneficial owners of express trusts shall be all the following natural persons:
(a)
the settlors;
(b)
the trustees;
(c)
the protectors, if any;
(d)
the beneficiaries, unless Article 59 or 60 applies;
(e)
any other natural persons exercising ultimate control over the express trust by means of direct or indirect ownership or by other means, including through a chain of control or ownership.
2. The beneficial owners of other legal arrangements similar to express trusts shall be the natural persons holding equivalent or similar positions to those referred to in paragraph 1.
3. Where legal arrangements belong to multi-layered control structures and where any of the positions listed in paragraph 1 is held by a legal entity, the beneficial owners of the legal arrangement shall be:
(a)
The article continues in the official text.
Follow-up questions
The text is quoted from the official source and is not legal advice. A national court reads the language version that binds in its jurisdiction.
Verifiable trust signals
- Source-linked answers and explicit evidence gaps
- Obligations, controls, risks and consequences
- Stable objects and verifiable checksums
- Rule-based objects, optional source-linked reasoning
- Model card, source status and audit