Beneficial ownership
North Macedonia Vows to Unmask True Business Owners. Will it Work?
Few experts see North Macedonia's new Register of Ultimate Beneficial Owners as a silver bullet in an uphill fight against corruption, money laundering and tax evasion.
EU shines light on dirty money with central registers
The European Union has agreed rules to stamp out tax evasion and stop dirty money from criminal gangs or terrorism finance being channeled through anonymous companies.
EU states and the European Parliament struck the agreement on late Dec. 16 to update the bloc's anti-money laundering rules, a statement from parliament's economic affairs committee said on Dec. 17.