Beneficial ownership registers are needed to fight financial crime, FATF official warns

By Annie Robertson ( May 26, 2021, 15:03 GMT | Insight) -- The adoption of beneficial ownership registers across different countries would help to boost corruption investigations, which are often stifled by information barriers across borders, the head administrator of the global money-laundering watchdog said today. “Public registries are a powerful tool against money laundering … and could substantially reduce the time and costs involved in accessing information,” said David Lewis, executive secretary of the Financial Action Task Force.The adoption of beneficial ownership registers across different countries would help underpin corruption investigations, which are often stifled by information barriers across borders, the head administrator of the global money-laundering watchdog has warned....

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Beneficial ownership registers are needed to fight financial crime, FATF official warns

Prepare for tomorrow’s regulatory change, today

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