E42: Is the EU's new UBO ruling a Christmas gift to criminals?
The Laundry19 Des 2022

E42: Is the EU's new UBO ruling a Christmas gift to criminals?

The EU's new Ultimate Beneficial Ownership (UBO) ruling has been making headlines all over Europe. At first glance, it appears to be a major win for those who think public UBO registers infringe on the right to privacy. But is it instead a gigantic Christmas gift to the criminals?


In this episode, we explore the pros and cons of the new UBO ruling with Thom Townsend, Executive Director at OpenOwnership and look at how it could affect the fight against financial crime.


Join us as we investigate whether the new UBO ruling is a blessing or a curse.


From this episode, you'll learn:


01:32 - 04:59 What is this recent ruling from the Court Justice of the European Union?


04:50 - 06:06 An excellent example of why ending public access to UBO registers is a bad idea.


06:07 - 10:40 Do the EU put privacy over AML?


10:53 - 14:21 Are there any examples of documented harm due to the open UBO registers?


14:22 - 17:30 What were the key takeaways from the CSABOT (Civil Society Advancing Beneficial Ownership Transparency) conference in Brussels last week?


17:31 - 20:17 Why the EU now has a massive responsibility for clarifying and defining the new ruling.


20:32 - 24:28 Will AML6 overrule this?


24:30 - 28:36 Why the banks and the public industry must step up now.


28:39 - 33:08 Many countries are keeping their UBO registers open. Will governments put their national laws above the EU ruling?


33:10 - 37:58 Which countries have the most effective implementation of ownership transparency right now?

Hosted on Acast. See acast.com/privacy for more information.

Episoder(183)

Bonus: Er AML i frontlinjen av en hemmelig krig? [på norsk]

Bonus: Er AML i frontlinjen av en hemmelig krig? [på norsk]

As an Easter bonus, we have very special Norwegian episode of The Laundry recorded live at SALT in Oslo!Our expert host, Marit Rødevand, is joined by Eirik Furuseth, Founder/Partner at Finansco, Gøran...

2 Apr 40min

E157: Can you switch off sanctions on a Russian shadow fleet?

E157: Can you switch off sanctions on a Russian shadow fleet?

Russia is the most sanctioned nation on planet earth. So, what happens when the US issues a waiver allowing the sale of Russian oil on sanctioned vessels? We're entering legal murky waters! Our expert...

26 Mar 38min

E156: What happens to Iran's shadow banking network now?

E156: What happens to Iran's shadow banking network now?

Bombs are dropping on Iran, and we’ve seen the death of the Supreme Leader, counter-strikes across the region, global supply lanes in crisis, and spiraling oil prices.Despite all the fire and the fury...

19 Mar 33min

E155: Is Norway too "cosy" to deal with corruption?

E155: Is Norway too "cosy" to deal with corruption?

The team is on their annual "KY-Ski" trip, located in a cosy cabin in the Norwegian mountains.But denting this "koselig" image is a slew of scandals linked to the release of the Epstein Files, which i...

12 Mar 27min

E154: What is the future for MLROs?

E154: What is the future for MLROs?

Definitions are always evolving, but how will the next decade redefine the role of the Money Laundering Reporting Officer?This week, The Laundry comes to you live from the PIMFA Financial Crime Confer...

5 Mar 45min

Trailer: Oslo, book your ticket for The Laundry Live!

Trailer: Oslo, book your ticket for The Laundry Live!

On March 18th, Norway’s leading AML and compliance teams —Strise and Signicat—are coming together at SALT, Oslo for: The Laundry Live: Fincrime at Boiling Point! What will the AML team of the future l...

3 Mar 1min

Re-Spin: How technology became a money laundering machine!

Re-Spin: How technology became a money laundering machine!

Strise is developing next-generation technology to help financial crime teams stay one step ahead of criminals. The reason is simple: bad actors are using the technology already out there with great s...

26 Feb 27min

E153: Does an AI Agent social network spell financial crime disaster?

E153: Does an AI Agent social network spell financial crime disaster?

Everyone is talking about Moltbook, the social network exclusively for AI agents built using OpenClaw.But they aren't just chatting —they’re executing tasks, making decisions, and potentially plotting...

19 Feb 25min

Populært innen Business og økonomi

lydartikler-fra-aftenposten
stopp-verden
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
livet-pa-veien-med-jan-erik-larssen
pengesnakk
utbytte
pengepodden-2
finansredaksjonen
okonomiamatorene
tid-er-penger-en-podcast-med-peter-warren
morgenkaffen-med-finansavisen
liberal-halvtime
lederpodden
rss-markedspuls-2
stormkast-med-valebrokk-stordalen
rss-politisk-preik
rss-pa-konto