The global fight against financial secrecy is improving
Joseph Foti et al, 2024 – Chief Research Officer - Open Government Partnership at the Brookings Institution “A better anti-corruption machine: Breakthroughs needed to fight illicit finance and protect democracy” 6/17, https://www.brookings.edu/articles/a-better-anti-corruption-machine-breakthroughs-needed-to-fight-illicit-finance-and-protect-democracy/ //DH
But the global fight against this financial secrecy has also been growing. A keystone of the battle has been increasing transparency about the people who ultimately own or control companies and other entities, referred to as “beneficial owners.” The last decade has seen notable progress: Over 80 countries now maintain beneficial ownership registers, collecting data that was once obscure and making it more accessible and transparent.