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G20 to Focus on Beneficial Ownership Transparency in 2015

Jaclyn Jaeger | November 18, 2014

Combating bribery and corruption will remain a top priority for leaders of the G20 countries in 2015, with a particular focus on improving the transparency of beneficial ownership of companies.

Following a two-day summit in Australia this week, the G20 leaders released a new set of principles that sets out concrete measures that G20 countries will take to prevent the misuse of legal persons and legal arrangements for illegal purposes—such as corruption, tax evasion, and money laundering.

These principles, which build on existing international standards set by the Financial Action Task Force, recommend, among other measures, that G20 countries should:

  • Establish a definition of ‘...
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