Denmark dissolves 7,500 companies in first year of launching new beneficial ownership (BO) disclosure requirements, demonstrating concrete sanctions enforcement to support compliance outcomes
Denmark's Danish Business Authority dissolved 7,500 companies in the first year following the introduction of new BO disclosure requirements, applying dissolution to companies that failed to comply with mandatory disclosure obligations. Clear guidance for disclosure, digital verification tied to the MitID national identity system, and dissuasive sanctions – including criminal offences and dissolution – together contributed to 96% compliance across covered corporate vehicles in 2019.
- Year published
- Show records from 2023
- Jurisdiction
- Show records from Denmark
- Type of resource
- Show records of type Civil society