From Global Regulation & Policy

Barbados Prioritising Beneficial Ownership Transparency

In recent years, global regulatory attention has been squarely focused on prohibiting the use of elaborate corporate structures to obscure the identities of their beneficial owners. Concealment of beneficial ownership identity is especially problematic when these complex structures are used to hide criminal activity, such as tax evasion, money laundering and terrorist financing. International standard setting bodies are increasingly calling on countries to put in place beneficial ownership transparency rules so that their authorities can easily identify the true beneficial owners behind corporations.

Venezuela, Vanuatu And The Vat…