Perpetrators of financial crime have long exploited corporate mechanisms to hide their identities and source of funds whilst undertaking illicit activities. Recent years have seen a wave of momentum to unveil some of these hidden company owners. Are these legislative changes likely to lead to real change or are they largely cosmetic? And what do organisations need to keep in mind when identifying and verifying ultimate beneficial owners?
Themis’ latest briefing note explores the quest for corporate transparency, developing some of the themes covered in our recent webinar with investigative journalist Oliver Bullough.