CYFA would like to bring to your attention the ECJ judgment in relation to the anti-money laundering directive whereby the information on the beneficial ownership of companies incorporated within the territory of the Member States is accessible in all cases to any member of the general public is invalid (for the relevant ECJ press release please click here).
We would further like to inform you that the Association has proceeded to contact the Registrar’s Department suggesting for immediate action to be taken to comply with the relevant ECJ judgment until further guidance and clarification are provided by relevant EU bodies.
CYFA will continue to update all members of any further developments.
It is noted that each member is obliged to comply with the circulars/guidelines/announcements of the relevant authorities and regulators. Any information contained in this notification/announcement, or any other notifications/announcements or circulars should be assessed on its own merits.
