Resources

  • Beneficial Ownership Transparency

OpenOwnership.org - Global Beneficial Ownership Register

OpenOwnership is driven by a steering group composed of leading transparency NGOs, including Global Witness, Open Contracting Partnership, Web Foundation, Transparency International, and The B Team, as well as OpenCorporates.
OpenOwnership’s central goal is to build an open Global Beneficial Ownership Register, which will serve as an authoritative source of data about who owns companies, for the benefit of all. This data will be global and linked across jurisdictions, industries, and linkable to other datasets too.

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  • Beneficial Ownership Transparency
  • Government
  • Regulations
  • United States

U.S. Department of the Treasury - Changes to the BSA regarding Beneficial Ownership

FinCEN is issuing final rules under the Bank Secrecy Act to clarify and strengthen customer due diligence requirements for: Banks; brokers or dealers in securities; mutual funds; and futures commission merchants and introducing brokers in commodities. The rules contain explicit customer due diligence requirements and include a new requirement to identify and verify the identity of beneficial owners of legal entity customers, subject to certain exclusions and exemptions.

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  • Beneficial Ownership Transparency
  • EITI
  • Extractives
  • transparency

EITI: Beneficial ownership pilot evaluation report

Transparency about company and government payments is important for accountability, but tells citizens little about who owns extractive companies and ultimately benefits from the companies’ activities. In many cases, the identity of the real owners – the ‘beneficial owners’ – of the companies that have acquired rights to extract oil, gas and minerals is unknown, often hidden behind a chain of corporate entities. This opacity can contribute to corruption, money laundering and tax evasion in the extractive sector.

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  • Beneficial Ownership Transparency
  • EITI
  • Extractives
  • Requirements

Extractive Industries Transparency Initiative (EITI) Beneficial Ownership Requirements

The identity of the real owners – the ‘beneficial owners’ – of the companies that have obtained rights to extract oil, gas and minerals is often unknown, hidden by a chain of unaccountable corporate entities. This problem also affects other sectors and often helps to feed corruption and tax evasion. People who live in resource-rich countries are at particular risk of losing out as extractive assets are too often misallocated for corrupt reasons.

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  • Anti-Money Laundering
  • Beneficial Ownership
  • Canada
  • Government
  • Regulation

Investment Industry Regulatory Organization of Canada (IIROC) Anti-Money Laundering Compliance Guidance

This notice provides guidance on compliance with the anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements applicable to IIROC Dealer Members. It replaces and updates the IDA brochure “Deterring Money Laundering Activity.”

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  • Beneficial Ownership
  • Financial Action Task Force (FATF)
  • guidance
  • Regulations
  • transparency

Financial Action Task Force (FATF) - Guidance on Transparency and Beneficial Ownership

This FATF Guidance will assist countries to design and implement measures that will deter and prevent the misuse of corporate vehicles, such as companies, trusts and other types of legal persons and arrangements – for money laundering, terrorist financing and other illicit purposes.

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  • Anti-Money Laundering
  • Beneficial Ownership
  • Government
  • Regulations
  • United States

Securities and Exchange Commission (SEC) - Guidance on Obtaining and Retaining Beneficial Ownership Information

The cornerstone of a strong Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program is the adoption and implementation of internal controls, which include comprehensive customer due diligence (CDD) policies, procedures, and processes for all customers, particularly those that present a high risk for money laundering or terrorist financing.

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  • Beneficial Ownership
  • Business Leadership
  • Global Beneficial Ownership Register
  • Private Sector

Global Beneficial Ownership Register: Private Sector Advisory Group

The business case for beneficial ownership transparency – knowing who you are doing business with – has been increasingly articulated and supported by a range of companies  and business leaders, including some companies that are leading by example on these issues, building trust and credibility in the process. The business case reflects a current challenge for business: the sheer difficulty of working out who they are doing business with in globalised supply chains.

Private Sector Advisory Council Information

 

 

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  • Business Leadership
  • Global Register
  • global register of beneficial ownership
  • Open Corporates

Open Corporates: How a global register of beneficial ownership can help end secrecy

This global register could also make it easier for companies to know who they are doing business with, reducing risk, and making it safer and easier to work with new clients and suppliers.  It will also help investors to vet the companies they are considering investing in. It will prevent abuses of secrecy to hide assets and undue influence.

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  • Anti-Corruption
  • Beneficial Ownership
  • governments
  • UK
  • UK Anti-Corruption Summit

Anti-Corruption Manifesto

In this Manifesto, we are publishing words that mean something. They have been gathered from individuals and institutions around the world, from business and civil society who desperately want this summit to be a success. They represent a plea to the Heads of Government who will gather in London on 12 May 2016, to change the world we live in.

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  • Beneficial Ownership
  • Business Leadership
  • Legal structure
  • The B Team
  • Unilever

The B Team: Unilever and Natura Open Up on Company Ownership

As shock-waves from the Panama Papers continue to reverberate around the world, two B Team companies, Brazilian cosmetics company, Natura Cosmeticos, working with our partners Open Corporates, and global fast-moving consumer goods company, Unilever, are leading by example on corporate transparency. Today these two companies released the details of their company ownership in open, structured data.

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