Privacy vs Transparency

Matt_Long

The Court of Justice of the European Union (CJEU) has just published a ruling in which it considers invalid the provision of the EU anti-money laundering directive that makes information on the beneficial owners of companies public.

Whilst many are claiming a victory for Privacy, many in the Financial Crime and Compliance space are lamenting this as a blow to the Transparency required to truly tackle illicit financial activity.

What are your thoughts?

https://www.occrp.org/en/daily/17074-eu-court-of-justice-rolls-back-anti-money-laundering-rules