To counter crime and corruption, law enforcement authorities around the world need to be able to swiftly uncover the identities of the real owners of companies.
Who benefits from the company behind the company? The public has a right to know.
This factsheet outlines why corruption risks significantly increase when the identity of those who own, control or benefit from companies holding rights to a country’s valuable resource wealth is hidden from the public.
This report reviews G20 countries’ promises on ending anonymous companies. Australia has still a long way to go to live up to the promises made at the Brisbane G20 Summit in 2014.
Transparency International Australia supports the creation of a central register to record beneficial ownership information.