Beneficial Ownership

Swiss Info: Switzerland moves forward with its first centralised BO register, but limited transparency and key exemptions raise concerns over the effectiveness of AML oversight

by Jyotsna Bucktowar | Jun 13, 2025

The register will be accessible only to law enforcement authorities and financial intermediaries, excluding public access. While this move marks progress, it has sparked concerns within the financial crime community. Key exemptions – such as those for...

US SEC finds that concentrated BO in hedge funds pose higher risk and volatility, urging closer regulatory scrutiny and greater transparency protect markets and investors

by AdrianaAMLP | May 28, 2025

Using confidential Form PF data and public filings, the study reveals that ownership structure significantly influences fund governance and risk exposure, with potential implications for systemic stability. The findings underscore the need for regulators to monitor...

TI exposes major transparency gaps across the EU, revealing how weak oversight of luxury assets and opaque ownership structures enable corruption and the concealment of illicit wealth

by Jyotsna Bucktowar | May 15, 2025

The report highlights how complex ownership structures and inadequate beneficial ownership registers facilitate the concealment of illicit wealth. It underscores the necessity for robust enforcement of transparency laws and enhanced cross-border cooperation to...

EFTA Court in Luxembourg rules that access to beneficial ownership data requires a legitimate interest, balancing transparency with privacy and warning against rigid rules that hinder AML efforts

by Jyotsna Bucktowar | May 7, 2025

This ruling reinforces stricter transparency standards under AML regulations, particularly in light of the European Court of Justice’s annulment of certain provisions in the Fifth AML Directive that previously eased access to such information. The judgment clarifies...

US GAO report reveals the key role of BO data in uncovering fraud in Govt programs, exposing use of shell companies, urging FinCEN’s collaboration to bolster fraud detection and curb illicit finance

by Jyotsna Bucktowar | Apr 29, 2025

This information is vital for identifying the true owners of entities involved in government contracts or receiving federal benefits, which is crucial in detecting and preventing fraud schemes. The report highlights how criminals and corrupt actors have used shell...

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Swiss Info: Switzerland moves forward with its first centralised BO register, but limited transparency and key exemptions raise concerns over the effectiveness of AML oversight

US SEC finds that concentrated BO in hedge funds pose higher risk and volatility, urging closer regulatory scrutiny and greater transparency protect markets and investors

TI exposes major transparency gaps across the EU, revealing how weak oversight of luxury assets and opaque ownership structures enable corruption and the concealment of illicit wealth

EFTA Court in Luxembourg rules that access to beneficial ownership data requires a legitimate interest, balancing transparency with privacy and warning against rigid rules that hinder AML efforts

US GAO report reveals the key role of BO data in uncovering fraud in Govt programs, exposing use of shell companies, urging FinCEN’s collaboration to bolster fraud detection and curb illicit finance

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