EU’s 5th AML Directive (AMLD) demands transparency about companies’ beneficial owners. However, only five out of twenty-seven member states have fulfilled the requirement of introducing public registers to reveal the true owners of all companies based in their countries, as part of the fight against money laundering. Bulgaria, Denmark, Latvia, Luxembourg and Slovenia presented changes in their law that will permit free access to public registers. There are still 17 member states that do not have such centralized registers. In other news related to the 5th AMLD, the art market has been brought into the scope of the regulated sector by the directive and will need to conduct customer due diligence like other industries within the regulated sector by identifying the customer and, where necessary, the source of the funds.