Greece tightens beneficial ownership registry to curb tax evasion and money laundering

Greece's Independent Authority for Public Revenue (AADE) is taking a more active role in managing and supervising the Central Register of Beneficial Owners, a move aimed at strengthening enforcement against tax evasion and money laundering. The change signals a shift toward more rigorous oversight of offshore structures, though specific implementation details and penalties remain unclear. This matters as it could increase transparency and compliance costs for entities with opaque ownership in Greece.