Drilling Down to the Real Owners - Part 1: 'More than 25% of Ownership' & 'Unidentified' Beneficial Ownership: Amendments Needed in FATF's Recommendations and in EU's AML Directive

20 Pages Posted: 1 Apr 2017

See all articles by Andres Knobel

Andres Knobel

Tax Justice Network; ICRICT

Markus Meinzer

Tax Justice Network

Date Written: May 18, 2016

Abstract

There are serious shortcomings in the international and European framework rules for companies' beneficial ownership identification, verification and policing of the system, the FATF’s (2012) 40 recommendations and the 4th EU Directive on anti-money laundering (2015) respectively. This paper proposes solutions and amendments to address these shortcomings.

Keywords: beneficial ownership, transparency, companies

Suggested Citation

Knobel, Andres and Meinzer, Markus, Drilling Down to the Real Owners - Part 1: 'More than 25% of Ownership' & 'Unidentified' Beneficial Ownership: Amendments Needed in FATF's Recommendations and in EU's AML Directive (May 18, 2016). Available at SSRN: https://ssrn.com/abstract=2943969 or http://dx.doi.org/10.2139/ssrn.2943969

Andres Knobel (Contact Author)

Tax Justice Network ( email )

Argentina

ICRICT

Markus Meinzer

Tax Justice Network ( email )

38, Stanley Avenue
Chesham, HP5 2JG
United Kingdom

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