Panama Papers Four Years On: Anonymous Companies and Global Wealth - The Case to End Corporate Secrecy is stronger than ever
Since the
Panama Papers, the need for countries to collect information on the true owners of anonymous companies has gained momentum. Research by
Transparency International has shown that the level of compliance by countries with beneficial ownership transparency standards is low, as many have failed to take the necessary steps including establishing registers. An analysis of data by 400 journalists from over 80 countries, coordonated by the
International Consortium of Investigative Journalists implicated twelve national leaders, celebrities and other public figures in a web of global financial secrecy. The reasons for the slow pace of reform vary from powerful lobbying by concerned businesses, to the absence of technical capacity and political will.
https://www.transparency.org/news/feature/panama_papers_four_years_anonymous_companies_corporate_secrecy
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