Behind the Corporate Veil [electronic resource]: Using Corporate Entities for Illicit Purposes /
Organisation for Economic Co-operation and Development.
Organisation for Economic Co operation and DevelopmentContent Provider
Organisation for Economic Co-operation and DevelopmentContent Provider
Paris : OECD Publishing,
2001.
Corporate entities underpin most commercial and entrepreneurial activities in market-based economies and have contributed immensely to growing prosperity worldwide over recent decades. Increasingly, however, governments and regulatory bodies have realised that 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. Prepared against this background, the OECD report Behind the Corporate Veil: Using Corporate Entities for Illicit Purposes opens 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. With that in mind, the report 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.
Description based upon print version of record.
Foreword; Table of Contents; Executive Summary; Introduction; A. Background; B. Corporate Vehicles and Their Potential for Misuse for Illicit Purposes; C. Ability to Obtain and Share Information on Beneficial Ownership and Control; D. Methodology; E. Structure of the Report; Notes; Part I. The Extent and Means of Misuse of Corporate Vehicles for Illicit Purposes; A. The Extent of Misuse of Corporate Vehicles for Illicit Purposes; B. Types of Corporate Vehicles Misused; C. Mechanisms for Achieving Anonymity; D. Types of Illicit Activities Perpetrated Through the Use of Corporate Vehicles
Part II. Obtaining and Sharing Information on Beneficial Ownership and ControlA. Introduction; B. Who Needs Information on Beneficial Ownership and Control?; C. Issues Impacting the Ability of Authorities to Obtain and Share Beneficial Ownership...; D. Means to Obtain Beneficial Ownership and Control Information; E. Sharing Information on Beneficial Ownership and Control; Part III. Menu of Possible Options for Obtaining and Sharing Beneficial Ownership...; A. Introduction; B. Menu of Possible Options for Obtaining Beneficial Ownership and Control Information
C. Countermeasures Against Instruments for Achieving AnonymityD. Sharing Beneficial Ownership and Control Information Domestically and Internationally; Notes; Annex I. Case Studies; Boxes:; Annex II. G-7 Finance Ministers Principles on International Cooperation and Information...
Corporate entities underpin most commercial and entrepreneurial activities in market-based economies and have contributed immensely to growing prosperity worldwide over recent decades. Increasingly, however, governments and regulatory bodies have realised that 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. Prepared against this background, the OECD report Behind the Corporate Veil: Using Corporate Entities for Illicit Purposes opens 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. With that in mind, the report 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.
Corporations
Corporations