Beneficial ownership transparency – a GCFCC position paper

This position paper by the Global Coalition to Fight Financial Crime (GCFFC) outlines a set of features that GCFFC members recommend jurisdictions should include in beneficial ownership disclosure regimes.

The GCFFC, as part of its objectives to promote more effective information sharing between public and private entities, and to propose mechanisms to identify emerging threats and best practice approaches to more robust controls against money laundering, believes that all actors fighting financial crime should have instant access to high quality, highly usable beneficial ownership data.

The GCFFC comprises different actors engaged in fighting financial crime: law enforcement agencies, obliged legal entities, civil society organisations.

This position paper was collaboratively developed through the collective expertise of GCFCC members and is based on the Open Ownership principles for effective disclosure.