480,000 companies are registered in the British Virgin Islands, which have a population of only about 23,000. Transparency International wants to make it mandatory for there to be public lists of who actually owns and benefits from company assets. Public registers of beneficial ownership, as they are called, would crackdown on money laundering and make it harder for illicit funds to find safe havens.
Posted on: Sun, 23 Feb 2014 14:43:58 +0000
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