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ILZE INSIGHT: Why ECJ ruling on UBOs needs more nuanced reading; and why Commission must now use case as opportunity to make Europe’s fincrime fight smarter, more effective

ILZE ZNOTINA COLUMN: The Commission's attempt to evaluate the implementation of the 4th AML Directive is just one - but a very prominent example - of slowness, secrecy, some bizarre arrogance and definitely “tick-the-box” thinking.

By Ilze ZnotinaAML Intelligence Expert ColumnistFormer Head of Latvia Government FIU The European Court of Justice (ECJ) judgment on registers of beneficial owners invalidating the provision where UBO information incorporated within Member States (MSs) is accessible to general public has attracted a lot of headlines. The first reaction, undoubtedly, was a huge surprise and disbelief….

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