Read online ebook Behind the Corporate Veil, Using Corporate Entities for Illicit Purposes in PDF, DJV, TXT
9789264195431 English 9264195432 Examines ways to prevent and combat the misuse of corporate entities. The report shows that the types of corporate entities misused most frequently are those that provide the greatest degree of anonymity to their beneficial owners., Governments and regulatory bodies are realising that some corporate entities, ranging from corporations and trusts to foundations and partnerships, are often misused for money laundering, bribery and corruption, shielding assets from creditors, tax evasion, self-dealing, market fraud, and other illicit activities. This report looks at ways to combat the misuse of corporate entities. It shows that the types of corporate entities misused most frequently are those that provide the greatest degree of anonymity to their beneficial owners. With that in mind, it offers governments and other relevant authorities a menu of policy options for obtaining information on the beneficial ownership and control of corporate entities in order to combat their misuse for illicit purposes. This report was prepared by the OECD Steering Group on Corporate Governance and derestricted by the Council under the title Report on the Misuse of Corporate Vehicles for Illicit Purposes.
9789264195431 English 9264195432 Examines ways to prevent and combat the misuse of corporate entities. The report shows that the types of corporate entities misused most frequently are those that provide the greatest degree of anonymity to their beneficial owners., Governments and regulatory bodies are realising that some corporate entities, ranging from corporations and trusts to foundations and partnerships, are often misused for money laundering, bribery and corruption, shielding assets from creditors, tax evasion, self-dealing, market fraud, and other illicit activities. This report looks at ways to combat the misuse of corporate entities. It shows that the types of corporate entities misused most frequently are those that provide the greatest degree of anonymity to their beneficial owners. With that in mind, it offers governments and other relevant authorities a menu of policy options for obtaining information on the beneficial ownership and control of corporate entities in order to combat their misuse for illicit purposes. This report was prepared by the OECD Steering Group on Corporate Governance and derestricted by the Council under the title Report on the Misuse of Corporate Vehicles for Illicit Purposes.