European Court of Justice Ruling on Beneficial Ownership, a Major Blow to the Fight Against Environmental Crimes

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13 December 2022, 08:15

LONDON, Dec 12 (IPS) - The European Court of Justice on November 22, 2022, made a ruling that reversed much of the progress we have made in a decade in the fight against corruption, economic and natural resource crimes, tax abuses and other forms of illicit financial flows across the world. In the ruling, the court declared invalid the part of the European Union’s Anti Money Laundering Directive that allowed public access to registries about companies’ beneficial owners (that is, the real people who own or actually control them).

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