The EU Parliament has recently adopted the fourth directive on anti- money laundering aimed at preventing future tax crimes and terrorist financing. A key feature of the directive is that EU member states will have to keep central registers of information on the ultimate owners of companies, trusts and other legal entities. The registers will be open  to both the authorities and a person deemed to have a “legitimate interest”, for instance, investigative journalists. Examples of accessible information could be the beneficial owner’s name, the dates of birth, nationality or ownership details.

New rules on money laundering