EU MEMBER STATES SHAKE UP UBO REGISTER ACCESS AFTER ECJ CASE AND NEW AML DIRECTIVE
July 22nd, 2024
European Union (EU) member states have been adapting to the new legal guidance on access to their national registers of ultimate beneficial owners (UBOs) following the November 2022 ruling (1) at the European Court of Justice (ECJ) and a new EU directive published June 19 (2024). The ECJ case annulled previously authorised full public access on privacy and data protection grounds, whilst recognising the legitimate interest of journalists and civil society to access registers, forcing a rethink.
This has now happened, with journalists, non-governmental ...
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