On April 20, the Council of the European Union approved the fourth anti-money-laundering directive, which includes a requirement for all member states to maintain a central register of information on the beneficial ownership of corporate and other legal entities.  According to an EU Council press release, under the directive, member states must ensure that the central register is accessible to competent authorities, financial intelligence units and, as part of customer due diligence, “obliged entities” such as banks.