Two key committees of the European Parliament have both voted to have Europe’s ultimate beneficial ownership (UBO) registers reopened to people holding a legitimate interest. Such individuals include journalists, civil society organisations and higher education institutions.

These individuals were banned from accessing the register after a decision published last November by the Court of Justice of the European Union (CJEU) invalidated a provision of the 5th EU Anti-Money Laundering Directive that guaranteed public access to information on companies’ real owners (Trade-based Financial Crime, 30 November 2022).

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