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A proposed expansion of the European Union's due diligence rules to cover trusts only partially addresses their vulnerability to criminal exploitation, leaving long-term loopholes in the bloc's controls against tax evasion and money laundering intact, say sources. If adopted, the planned revisions to the Fourth Anti-Money Laundering Directive (4AMLD) would make a "limited set of information" on the beneficial owners of trusts, foundations and similar legal arrangements engaging in commercial activity generally available to the public, whereas the current version of the 4AMLD only allows persons and organizations showing a "legitimate interest" access to the data. National tax authorities and...