The decision of the European Union Court of Justice (ECJ) that beneficial owners of registered companies can remain anonymous to the general public may hinder the ability of financial institutions seeking to quickly and easily obtain beneficial ownership in the course of their anti-money laundering and counter financing of terrorism (AML/CFT) processes.

Anti-corruption and tax transparency campaigners meanwhile have reacted angrily to the decision that registers containing the personal details of beneficial owners of companies and accessible to the public at large infringe fundamental rights.

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