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In reply to the discussion: Possibly momentous ruling from the EU high court [View all]Denzil_DC
(7,222 posts)59. I'll have to take your word about what you say happened in the past.
But new EU legislation - the 5th Anti-Money Laundering Directive - is coming into force early next year, "coincidentally" at precisely the time when the UK is due to leave. Its measures include:
Public registers of company owners in every member state.
Access to the names of the beneficiaries of trusts for law enforcement agencies and those with a legitimate interest, including investigative journalists and NGOs.
A cross-border database of company and trust owners, overseen by the European commission.
Automatic access to the names of bank account holders for national financial intelligence units.
Access to the names of the beneficiaries of trusts for law enforcement agencies and those with a legitimate interest, including investigative journalists and NGOs.
A cross-border database of company and trust owners, overseen by the European commission.
Automatic access to the names of bank account holders for national financial intelligence units.
Even as it is, in the last year, Russian oligarchs living in luxury in Spain who long assumed they were immune have been arrested.
The UK government's current position is that it will adopt these measures, but that was on the understanding that there would be a lengthy Brexit transition period, not a no deal crash-out.
To reiterate: the EU didn't offer the UK this "get out of jail free card". The ECJ made a decision. The EU would have preferred the decision to go the other way.
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I know you are all having a yuck about chainsaws, but don't we become the enemy with this imagery?
DemocracyMouse
Dec 2018
#41
No, Corbyn is right that his solutions do work OK for the fundamental wish of the DUP
muriel_volestrangler
Dec 2018
#44
Now, what ever the UK does, they can't blame the EU for getting in the way. It's UK's ball now.
TheBlackAdder
Dec 2018
#19
And I think both the EU and Britain/UK will be stronger for surviving the interference
erronis
Dec 2018
#29
No, this is a court ruling, not "what the EU have stated the whole time"
muriel_volestrangler
Dec 2018
#45