Beneficial ownership registers and protection mechanisms for beneficial ownership rights in foreign countries and in our country

Abstract

Many countries around the world are promoting the increase of transparency regarding the ultimate ownership of companies. Indeed, this is a useful tool for stopping illicit financial flows and creating fair markets.

However, it must also be considered that such measures may violate the right to privacy and pose threats to personal security. The need to protect this privacy may lead some companies and owners to refuse to disclose this information.

Furthermore, many organizations and individuals have warned that disclosing beneficial ownership information may be ineffective or could lead to the spread of incorrect information.

Keywords

Beneficial Ownership, beneficial property, public register