The Vice-President of the European Commission, Valdis Dombrovskis, expressed his regrets at the fact that the level of ambition over the revision of the anti-money laundering directive is dropping, particularly on the transparency of information on the beneficial owners of trusts and shell companies, proposed in response to the Panama Papers scandal.
At the November Ecofin, the legal services of the Council said that it was not legal to publish the registers of the beneficial owners of...