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Unlimited access to the Register Of Beneficial Owners ruled invalid

22.11.2022 PAPERJAM
The Court of Justice of the European Union has just published a ruling invalidating the provision of the EU Anti-Money Laundering Directive that makes information on the beneficial owners of companies publicly available. A victory for those who had opposed the RBE in Luxembourg.

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MOYAL & SIMON advise customers of ABLV Bank


On 2 July 2019, the District Court of Luxembourg announced the judicial liquidation of ABLV BANK Luxembourg S.A. (hereinafter “ABLV”). ABLV had been targeted by US financial authorities and the ECB on suspicion of improper dealings. ABLV was accused of being heavily involved in money laundering activities.