Civil Society Experts Call on Delaware to Create Public Registry of Beneficial Ownership Information
WASHINGTON, DC – Global Financial Integrity (GFI) and Global Witness expressed disappointment that the Delaware House of Representatives passed two bills this evening that do little to stop criminals from using Delaware companies to launder their illicit proceeds. The two pieces of legislation are House Bill 327 and House Bill 328, which would establish a chain of people that need to be consulted, in turn, in order to identify a person at a limited liability...
Britain’s credibility as a global leader in the fight to end corruption is under real threat. Its fate lies in the hands of the Governor of a sunny, palm-fringed Caribbean island who was appointed by the UK itself.
Last year, as chair of the G8, the UK committed to creating public registries of the real owners of companies. This was a hugely important move by the UK and one we support wholeheartedly. With global support, such a measure could put a stop to some of the worst problems of our time;...
While places like the Cayman Islands, Jersey, and the British Virgin Islands have begun entertaining the idea of public registers of beneficial ownership, today, they might have received the biggest nudge yet to move in that direction.
But rather than come from civil society or advocacy groups, this time, the nudge comes all the way from 10 Downing Street.