Be Careful What You Wish For: The Unintended Consequences of UBO Transparency

Public registers of Ultimate Beneficial Owners might make financial crime investigations more difficult and create a new industry of nominee or even fictitious UBOs, as fraudsters bury themselves more deeply behind ever-growing layers of ‘straw men’. This session will explore the real-world problems associated unlimited transparency in terms of fighting illegal activity, examine whether the push for transparency in corporate services has gone too far, and ask ‘have we already reached peak transparency’?

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Speakers

  • Margaret Hodge, MP at United Kingdom Parliament
  • Martin Kenney, Managing Partner at Martin Kenney & Co., Solicitors
  • Tom Keatinge, Director, Centre for Financial Crime and Security Studies at RUSI

Recorded at OffshoreAlert vGLOBAL on Wednesday 9 December 2020 • 3:00pm – 3:45pm EST