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Campaigners ask for justifiable intrusions into private data, believing it will frustrate crooks, money-launderers and terrorists. It won't - because criminals tell lies (Photo: Fotolia)

Fundamental snag with new EU money-laundering rules

by Martin Kenney, British Virgin Islands/Preston,

New European Union anti-money laundering rules known as the 5th Money Laundering Directive (MLD5) have finally come into force (10 January), meaning that all EU states are supposed to implement public registers, open to those with a legitimate interest, of all companies incorporated in their territories.

These registers are supposed t...

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The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Martin Kenney is managing partner of Martin Kenney & Co., solicitors, a specialist investigative and asset recovery practice based in the British Virgin Islands. Tony McClements, senior investigator at Martin Kenney & Co, and lecturer in fraud investigation at the University of Central Lancashire (UCLAN), contributed to this piece.

Campaigners ask for justifiable intrusions into private data, believing it will frustrate crooks, money-launderers and terrorists. It won't - because criminals tell lies (Photo: Fotolia)

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Author Bio

Martin Kenney is managing partner of Martin Kenney & Co., solicitors, a specialist investigative and asset recovery practice based in the British Virgin Islands. Tony McClements, senior investigator at Martin Kenney & Co, and lecturer in fraud investigation at the University of Central Lancashire (UCLAN), contributed to this piece.

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