Public access to the UBO Register violates fundamental human rights

On 22 November 2022, the Court of Justice of the European Union ruled that the Article 1(15) (c) of the 5th EU Anti-money-laundering Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU which provides the public access to the beneficial owner register of the EU member states, violates the fundamental human rights such as Respect for private and family life and Protection of personal data provided for in the Article 7 and 8 of  the Charter of fundamental human rights of the European Union.

EU member states have suspended public access to their UBO registers.
The Cyprus Companies Registrar has suspended public access the UBO Register on 23 November 2022.