Law & Tax Firms · Lois et Réglementations

EU court ruling leaves future of UBO registers undecided

As EU court shuts down UBO registers, lawyers consider options
Public registers in Luxembourg, the Netherlands, Austria as well as other EU countries set up under EU laws to fight money-laundering and tax evasion remain temporarily closed as legal specialists agreed that the ruling effectively shut down a key aspect of the EU’s fifth anti-money laundering directive. National governments as well as the EU are still considering next steps.

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