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 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 Mauritius Compliance, AML/CFT and Regulatory Updates 2026 Ratification of the New Protocol to the Mauritius-India Tax Treaty Introduction of Beneficial Ownership Register and Reporting Obligations for Barbados Entities