Such fundamental question has been discussed by the Court of Justice of the European Union (CJEU) in a case against the Luxembourg business Register and decided to render invalid the provision of the European Union anti money laundering directive that makes information on the beneficial owners of companies public.
In a nutshell, the CJEU decided that access by the general public to information on beneficial owners constitutes a serious interference with fundamental rights to privacy and personal data protection.
After this decision, the next question now is what will happen to the national cases pending before the Luxembourg Courts. Obviously, the Luxembourg Court will have to judge the case in accordance with the decision of the CJEU.
