CJEU On Beneficial Ownership Register: A Setback in the Fight Against Money Laundering
At the end of November 2022, the Court of Justice of the European Union (CJEU) made a decision on Beneficial Ownership (BO) registers impacting all BO register of European countries. According to the CJEU, the possibility of the public having insights about the BO’s is not in line with EU regulations. Many European countries reacted instantly. Restrictions and closures of the respective BO registers were the main responses.
