Weekly Roundup: EU Court Strikes Down Public Beneficial Ownership Registers, HashFlare Founders Trigger US Money Laundering Charges, and More

The European Union's top court ruled that giving the general public unlimited access to beneficial ownership information violates data protection and data privacy requirements, throwing a major plank of the bloc's anti-money laundering overhaul into disarray, ACAMS reported. More The Netherlands and Luxembourg immediately restricted public access to their beneficial ownership registries following the ruling, and the Luxembourg Times reported. More and More Two Estonian founders of HashFlare, a purported cryptocurrency-mining service, and Polybius Bank, which raised $25 million from investors after launching, have been arrested in the capital city of Tallinn after U.S. prosecutors charged them with...