BENEFICIAL OWNERSHIP RULES INCREASINGLY TIGHT WORLDWIDE

IT has not happened yet but the outlook for effective world-wide action to expose the beneficial ownership of shell companies and other kinds of suspect corporate vehicles is probably better today than it has been for many years, perhaps ever. That’s the word from Robert Palmer of Global Witness, the campaign group which has played a leading part in pressing for action on the matter. It is also a view shared in the US and UK governments and increasingly among anti-money laundering (AML) organisations and consultants. Many rate a crackdown in this area as ...


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