Unmasking Control

A Guide to Beneficial Ownership Transparency

Richard Berkhout, Francisca Fernando (Herausgeber)

Buch | Softcover

172 Seiten

2023
International Monetary Fund (IMF) (Verlag)
979-8-4002-0804-1 (ISBN)

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A guide for practitioners, policymakers, and other researchers to establish comprehensive frameworks for holding beneficial ownership information. The book proposes questions to guide strategic thinking and discussion about the establishment of an effective system of beneficial ownership information for antimoney laundering purposes.

Revelations from many data leaks, court cases, and media reports are a constant reminder about how easy it is to abuse companies and other types of legal entities for money laundering, terrorist financing, and many other crimes with impunity when the beneficial owners—the real persons who own and control these legal entities—are hidden.

Not knowing beneficial ownership information negatively affects countries' economies. It allows criminals to misuse these entities to hide their identities and the criminal origins of their assets, and to enjoy the proceeds of crimes, which produces all sorts of economic distortions, negatively impacts economic growth, and allows criminals to infiltrate and take control of the legal economy.

This book is a guide for practitioners, policymakers, and other researchers to establish comprehensive frameworks for holding beneficial ownership information. It proposes questions to guide strategic thinking and discussion about the establishment of an effective system of beneficial ownership information, for antimoney laundering purposes. This book also sets out how an effective beneficial ownership framework can reduce opportunities for corruption, support efforts against tax evasion, help tackle illicit financial flows, protect national security interests, and benefit procurement transparency.

1. Introduction
2. Key Concepts Related to Transparency of Legal Persons
Beneficial Ownership and the International Standards
Types of Legal Persons
Vulnerabilities and Threats of Legal Persons
Risk Assessments of Legal Persons
3. Practical Implementation of Beneficial Ownership Requirements
Key Concepts of Beneficial Ownership
Sources/Mechanisms for Beneficial Ownership Information
The Life Cycle of a Legal Person
4. Other Applications for Beneficial Ownership Information
5. Policy Considerations and Regulatory Impact
Appendix 1. Basic and Beneficial Ownership Information Checklists
Appendix 2. FATF Standards, Recommendation 24, Transparency and Beneficial Ownership of Legal Persons
Appendix 3. Beneficial Ownership Requirements in Other Aspects of the Financial Action Task Force Standards
Appendix 4. Useful Resources

Erscheinungsdatum	01.12.2022
Verlagsort	Washington, DC
Sprache	englisch
Gewicht	272 g
Themenwelt	Recht / Steuern ► EU / Internationales Recht
	Recht / Steuern ► Wirtschaftsrecht ► Gesellschaftsrecht
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
ISBN-13	979-8-4002-0804-1 / 9798400208041
Zustand	Neuware