Ending money laundering in Europe: Does the “beneficial owner register” deliver?0

• Financial Policy and International Markets, Op-ed
• 22/02/2018

On December 6th last year, Luxembourg announced the draft law regarding beneficial ownership registration which will implement articles 30 and 31 of the Fourth Anti-Money Laundering Directive into the national legislation. By introducing such a law, the European Directive 2015/849, otherwise known as the Fourth Anti-Money Laundering Directive, tackled a serious problem in the fight against tax evasion and money laundering. The ultimate question: how much money is being hidden away?