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Anonymous companies underpin corrupt and criminal financial transactions. They were used in 70 per cent of grand corruption cases reviewed by the World Bank and are one of the oldest tricks in the book for moving, laundering and spending dirty money.
Governments are ending anonymous company ownership by creating open, public registers of the true “beneficial” owners of companies – the individuals who ultimately control or profit from a company. Open registers of beneficial owners make it harder for corrupt individuals to hide their connection to illicit flows of capital out of a national budget. They can also help authorities recover stolen assets, prosecute criminals and deter others. Beneficial ownership transparency contributes to sustainable development, a fairer business environment and increased public trust.
This briefing discusses:
- why beneficial ownership is a priority for Open Government Partnership (OGP) members
- good practice for creating open registers
- existing and model commitments in national action plans
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This report offers vital recommendations to combat land corruption in Africa, grounded in the African Union's Land Governance Strategy for sustainable progress.
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This policy paper presents an overview of land corruption in West Africa and provides recommendations for the Economic Community of West African States (ECOWAS) to address it.
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This policy brief explores how openness and oversight of political finance can help detect & address the use of covert foreign political influence.
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This policy brief explores where and how corruption arises when using climate geoengineering technologies and examines the power dynamics behind their creation and implementation.
