The guidance note offers practical advice for countries aiming to enhance transparency and curb financial crime through effective beneficial ownership registries.
Key takeaways from the report include:
- Beneficial ownership transparency (BOT) supports national security and anti-corruption efforts by identifying ultimate beneficial owners of companies, helping to prevent financial crime;
- Beneficial ownership registries aid governments in tracking illicit financial flows, estimated at $311 billion annually in tax avoidance globally;
- CEPA underscores the role of BOT in safeguarding sustainable development goals, particularly by reducing corruption risks in government procurement; and
- The EU, G7, G20, and other international organisations endorse BOT as central to financial transparency and integrity.
✅ Countries are encouraged to strengthen collaboration and adopt comprehensive beneficial ownership review frameworks to meet these goals.