NOWHERE TO HIDE – The New Beneficial Ownership Register Nine things you need to know24 March, 2017
Corporate group structures are often utilised by companies in an effort to maintain the privacy of their owners. However, recent events, such as the ‘Panama Papers’ scandal, have brought the topic of corporate transparency to the forefront of both political and legal agendas. As a result of this, there has been an increased focus by governments and regulatory bodies on combating tax evasion and money laundering. In view of the fact that corporate group structures are being utilised for these crimes, measures are being adopted to compel corporate transparency.