Wealth managers · Regulation

EU court: publishing UBO data infringes fundamental rights

EU Court of Justice in Luxemborug. Photo via Flickr CC-BY-2.0

The European Union’s Court of Justice on Tuesday ruled that private information on the ultimate ownership of companies and investment funds registered in the Luxembourg Business Register does not always need to be made available to the general public. The court ruled that fundamental rights of individuals can sometimes outweigh the general interest of fighting money laundering.

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