Updates on the Proposed EU Directive on Shell Entities - ATAD III 09/05/2024 On 17 January 2023, the EU parliament approved an amended version of the directive laying down rules to prevent the misuse of shell entities for tax purposes, the so-called Anti-Tax Avoidance Directive 3 ("ATAD 3"), which is sometimes more fittingly referred to as the 'Unshell Directive'. ATAD III memo X Linkedin weixin Messenger Authors Janice Copperstone Director – Trustee and Corporate Services jcopperstone@tridenttrust.com +356 21 434 525 Malta Marilena Stylianou Director - Financial Services mstylianou@tridenttrust.com +357 258 20 650 Cyprus Kaj Wouters Managing Director kwouters@tridenttrust.com +352 26 30 28 48 Luxembourg Bertrand Party Director - Corporate Services bparty@tridenttrust.com +352 26 30 28 48 Luxembourg Latest News Malta AML/CFT Updates: What Legal Notices 82 and 83 of 2026 Mean for Regulated Entities ADGM FSRA Introduces Enhancements to the Funds Regulatory Framework Proposed Enhancements to the DFSA Collective Investment Fund Framework Cayman Islands: Annual AML Return Requirement Introduced for RTCs and PTCs New AML/CFT/CPF and Financial Sanctions Rules in the Cayman Islands Mauritius Finance Act and Economic Measures Act 2026