The 5th AML Directive in 2020: key changes (Part 2)

In 1990 the European Union (“EU”) adopted its ever first Anti Money Laundering (“AML”) Directive in order to combat the … More

The 5th AML Directive in 2020: key changes (Part 1)

In 1990 the European Union (“EU”) adopted its ever first Anti Money Laundering (“AML”) Directive in order to combat the … More

UBO Register in the EU: a glass house without curtains

The European Union puts more effort on combating tax evasion and tax driven corporate structures. With the implementation of the 4th AML directive a new step forward was made – the introduction of the UBO register. However this EU-wide initiative may not serve its purpose.