Open Ownership’s ‘Connecting Ownership Data’ report reveals how fragmented BO registers hinder efforts to trace illicit financial flows, urging greater cross-border interoperability to combat FC

The report argues that while more than 100 jurisdictions have established beneficial ownership registers, inconsistencies in data standards, definitions, and access rules continue to hamper investigations. It calls for greater interoperability between ownership registers, improved data quality, and stronger international cooperation to enable authorities to trace illicit financial flows more…