EU Public Beneficial Ownership Registers CANCELLED

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Simon4466

Active Member

High Court in Luxembourg decided that having public (U)BO access goes against the privacy of the individuals, and therefore (some) countries have already cancelled the public data disclosure.
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
Oh how did the EU got this one wrong. Sounds like a school boy error the EU committed. Did the EU even get legal opinion before enacting this...lol. How can it be so easily shot down by the simple fact that a UBO register goes against Article 7 and 8 of EU Charter...lol.

Anyway that's good news for now thu&¤#.
 

Jerry1911

Entrepreneur
1) As far as I understand, UBO registers will still exist, they just won't be open to public. However, NGOs and "journalists" will be able to get access.

2) It'll be interesting to see what the UK does in this regard. Remember, they enacted their own PSC register under the pressure of the EU.
 
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