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EU Top Court Blocks Public Access to Beneficial Owner Data (1)

Nov. 22, 2022, 5:04 PMUpdated: Nov. 22, 2022, 9:52 PM

The European Court of Justice on Tuesday struck down a part of EU anti-money laundering rules that would give any member of the general public access to information on the beneficial ownership of companies.

The interference of the broad information access envisioned in the rules with the EU Charter of Fundamental Rights is neither “limited to what is strictly necessary nor proportionate to the objective pursued,” according to a Nov. 22 media release from the court.

The decision, which is final and binding for all EU member countries, means that information access will only be granted—as per an earlier ...