Privacy vs Transparency

Matt_Long Posts: 11 QUANTEXA TEAM

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?