Europe: Organisations calling for open Ultimate Beneficial Owners lists

In a recent open letter, Transparency International and other organisations have urged governments to open up Ultimate Beneficial Owner registers as this will help to manage the damage caused by sanctions on Russia.

While this would be valuable in helping businesses to handle their business and ensure they do not fall foul of any sanctions activity, it may lead to even craftier tactics being employed by business owners to hide their ownership. It also has privacy implications.

Read more on FCPA Blog

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