To shed light on the true owners of letterbox companies, any citizen will, in future, be able to access data about the beneficial owners of firms operating in the EU. MEPs supported on Thursday – by 574 votes to 13 votes, with 60 abstentions — a December agreement reached with the Council, which also proposed closer regulation for virtual currencies, like Bitcoin, to prevent them being used for money laundering and terrorism financing.
The agreement represents the fifth and latest update to the EU’s Anti-money laundering Directive and is partly a response to the terrorist attacks of 2015 and 2016 in Paris and Brussels, as well as the Panama Papers leaks.
Public access to information on real owners of firms
The reforms giving citizens the right to access information on the beneficial owners of firms which operate in the EU, could help quash