Norway Latest Country to Adopt Public Registry of Beneficial Ownership
Other Countries Should Follow Norway’s Example
On June 5, the Norwegian Parliament unanimously voted to establisha public registry of corporate ownership information, becoming the
latest country to tackle the abuse of anonymous companies
through increased transparency.
Anonymous companies
are one of the top tools used by criminals, kleptocrats, tax evaders,
and terrorists to launder dirty money with impunity. Requiring
companies to publicly disclose in a central registry their ultimate,
human, beneficial owner(s) is regarded as the gold standard in tackling
the abuse of these phantom firms.
