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It is a difficult question, because on one side, sure it is very useful for citizen to have access to these info. But on the other side, I was always stunned th
by greatgib 4y ago
It is a difficult question, because on one side, sure it is very useful for citizen to have access to these info. But on the other side, I was always stunned that just because owning or operating a company, all your private info had to be public. These kind of registers are very bad for privacy rights.
In all case, the worst thing with this decision about the UBO is that a lot of money laundering regulation and co force company to check UBO of customer and provider companies and it is complicated to request that all the time from companies themselves and ensure that the statement are truthfull.
- iudqnolq 4y agoI don't think people have a natural right to create a legal entity that shields them from consequences, so I think it's fine for society to add conditions. I think a reasonable compromise with privacy would be to remove the residential address and ID number, but keep name, DOB, and nationality.
- caslon 4y agoWhy should a person be forced to give their name? Plenty of HN users run internet businesses. Doesn't it suck that to deliver a service for anyone online commercially you have to dox yourself? Some of the best things in the world have been made by people who aren't willing to part with that information. What the EU has done is incredible.
- hgsgm 4y ago
- Aerroon 4y agoBut not every business is an LLC. They all go onto the register anyway. In some cases that includes self-employed people.
- seppel 4y agoThese registers are only for legal entities (at least in Germany). And it has nothing to do with doing business.
- nicbou 4y agoPeople have a right to privacy in the EU