On Tuesday 11 July, the German and Irish finance ministers, Wolfgang Schäuble and Paschal Donohoe, gave their reasons for rejecting public access to information on the beneficial owners of trusts.
Under the Maltese Presidency of the Council of the EU, the co-legislators failed to agree on the revision of the ‘anti-money-laundering’ directive. The position of the Commission and the European Parliament is to provide public access to this information for commercial trusts and companies,...