WGI and International CSOs Issue a letter supporting new Beneficial Ownership Transparency vote in EU Parliament
WGI and other international organisations issue a letter with specific voting recommendations to the EU parliament to vote in favor of the new beneficial ownership (BO) requirements on certain types of companies and trusts. The European Commission has introduced a number of changes to the Anti Money-Laundering Directive to enhance the transparency of the EU financial system by introducing new beneficial ownership (BO) requirements on certain types of companies and trusts. Members of the European Parliament ECON and LIBE committees will be voting on the amendments for the Directive .This is meant to increase transparency about who really owns companies like Shell and others, and trusts and put an end to the abusive practices by these companies revealed in the Panama Papers.
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