Ultimate Privilege; Corporate Anonymity  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8768 (Jan. 2012), page 58-59.
Topik: Anonymity; Corporate Governance; Business Ownership; Regulation; Law Enforcement; Corruption; International

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.70 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

That a company can conceal who really owns it is a longstanding privilege in many countries. This is not just convenient for the shareholders. It makes money for the authorities that register such firms and for the lawyers who handle the details. But it incenses crimefighters and sleazebusters. A World Bank report last year, "The Puppet Masters", investigated 150 big corruption cases. Almost all involved the misuse of corporate vehicles, such as companies and trusts, to the tune of $50 billion. The Obama Administration's action plan for open government calls for "meaningful" information about beneficial ownership to be recorded at the time of incorporation. Britain's Financial Services Authority says concealed ownership is a big feature of money-laundering. The improvements that the World Bank and other official bodies want are modest: corporate registries should make up-to-date details of a company's name, address and directors publicly available. They should keep track of its real beneficial ownership and share that data with law-enforcement officials when needed. Yet change of any kind is painfully slow.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali