🚨 EU's financial regulations are getting stricter, but at what cost? 😱 AML directives and related laws aim to protect the financial system, but they may be compromising personal data and financial privacy. 🕵️♂️
- Banks, crypto asset managers, and sports clubs face complex due diligence processes 📋
- Public accessibility mandate for beneficial owners of corporate entities raises ethical concerns 🤔
- Consumers bear the brunt of higher fees and limited financial product offerings 💸
Are these regulations genuinely effective or just symbolic gestures? 🤷♂️ Let's discuss in the comments! 👇
