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Beneficial Ownership

Category: Policy Areas | Back to Glossary

Disclosing beneficial owners — those who ultimately control or profit from a business — is essential for combating corruption, stemming illicit financial flows, and fighting tax evasion.

Technical specifications: Policies, activities and measures related to increased transparency and accountability of beneficial owners (individuals who possess, control, or benefit from a company/trust and its income). These may include registries that open up beneficial ownership data to the public or that establish corrective measures for misleading or fraudulent filing, including data validation/verification and sanctions for non-compliance.

See also: Extractive Industries, Open Contracting

Filed Under: Policy Areas
Open Government Partnership