BENEFICIAL OWNERSHIP LEDGERS BEING CREATED – BUT NOT WITHOUT SERIOUS TEETHING TROUBLES
October 3rd, 2021
Britain’s open register of beneficial ownership was groundbreaking worldwide but its effectiveness as a bulwark against money laundering is being debated, even as both the European Union (EU) and the US move ahead at varying pace to replicate the system. The question of whether BO registers should be open or closed is one that is being discussed in countries around the world. The UK’s People of Significant Control register - https://www.gov.uk/government/news/people-with-significant-control-psc-who-controls-your-company - was set up in 2016 to prevent money ...
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