Regulation of Beneficial Ownership in Latin America and the Caribbean
The international community is increasingly aware that adopting laws, regulations, and mechanisms to gather and exchange information about “beneficial owners” (BOs) is crucial for combating tax evasion, money laundering, corruption, and the financing of terrorism. This paper explains the concept of beneficial owner, describes the standards in this area that countries should commit to, and presents the ratings achieved under the FATF and GF evaluations by each one of the 26 Inter-American Development Bank borrowing member countries regarding their beneficial ownership laws and regulations. Moreover, it analyzes the definitions of beneficial ownership currently in use in these 26 countries. In Latin America and the Caribbean, regulation in this area is very uneven. Although most countries have in place regulations defining the concept of beneficial ownership, thesedefinitions do not always comply with international standards. In general, all of the countries have room to improve their regulations and, especially, their compliance in practice.
Main Author: | |
---|---|
Other Authors: | |
Format: | Technical Notes biblioteca |
Language: | English |
Published: |
Inter-American Development Bank
|
Subjects: | Tax Evasion, Taxation, Money Laundering, anti-lavado de activos;beneficiario final;evasión fiscal;fideicomisos foro global;GAFI;lavado de dinero;sociedades comerciales;transparencia;transparencia financiera;transparencia tributaria;anti-money laundering;beneficial owner;companies;FATF;financial transparency;Global Forum;money laundering;tax evasion;tax transparency;transparency;trusts, |
Online Access: | http://dx.doi.org/10.18235/0010683 https://publications.iadb.org/en/regulation-beneficial-ownership-latin-america-and-caribbean |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
dig-bid-node-17330 |
---|---|
record_format |
koha |
spelling |
dig-bid-node-173302024-05-30T20:21:26ZRegulation of Beneficial Ownership in Latin America and the Caribbean 2017-11-15T00:00:00+0000 http://dx.doi.org/10.18235/0010683 https://publications.iadb.org/en/regulation-beneficial-ownership-latin-america-and-caribbean Inter-American Development Bank Tax Evasion Taxation Money Laundering anti-lavado de activos;beneficiario final;evasión fiscal;fideicomisos foro global;GAFI;lavado de dinero;sociedades comerciales;transparencia;transparencia financiera;transparencia tributaria;anti-money laundering;beneficial owner;companies;FATF;financial transparency;Global Forum;money laundering;tax evasion;tax transparency;transparency;trusts The international community is increasingly aware that adopting laws, regulations, and mechanisms to gather and exchange information about “beneficial owners” (BOs) is crucial for combating tax evasion, money laundering, corruption, and the financing of terrorism. This paper explains the concept of beneficial owner, describes the standards in this area that countries should commit to, and presents the ratings achieved under the FATF and GF evaluations by each one of the 26 Inter-American Development Bank borrowing member countries regarding their beneficial ownership laws and regulations. Moreover, it analyzes the definitions of beneficial ownership currently in use in these 26 countries. In Latin America and the Caribbean, regulation in this area is very uneven. Although most countries have in place regulations defining the concept of beneficial ownership, thesedefinitions do not always comply with international standards. In general, all of the countries have room to improve their regulations and, especially, their compliance in practice. Inter-American Development Bank Andrés Knobel Technical Notes application/pdf IDB Publications Latin America and the Caribbean en |
institution |
BID |
collection |
DSpace |
country |
Estados Unidos |
countrycode |
US |
component |
Bibliográfico |
access |
En linea |
databasecode |
dig-bid |
tag |
biblioteca |
region |
America del Norte |
libraryname |
Biblioteca Felipe Herrera del BID |
language |
English |
topic |
Tax Evasion Taxation Money Laundering anti-lavado de activos;beneficiario final;evasión fiscal;fideicomisos foro global;GAFI;lavado de dinero;sociedades comerciales;transparencia;transparencia financiera;transparencia tributaria;anti-money laundering;beneficial owner;companies;FATF;financial transparency;Global Forum;money laundering;tax evasion;tax transparency;transparency;trusts Tax Evasion Taxation Money Laundering anti-lavado de activos;beneficiario final;evasión fiscal;fideicomisos foro global;GAFI;lavado de dinero;sociedades comerciales;transparencia;transparencia financiera;transparencia tributaria;anti-money laundering;beneficial owner;companies;FATF;financial transparency;Global Forum;money laundering;tax evasion;tax transparency;transparency;trusts |
spellingShingle |
Tax Evasion Taxation Money Laundering anti-lavado de activos;beneficiario final;evasión fiscal;fideicomisos foro global;GAFI;lavado de dinero;sociedades comerciales;transparencia;transparencia financiera;transparencia tributaria;anti-money laundering;beneficial owner;companies;FATF;financial transparency;Global Forum;money laundering;tax evasion;tax transparency;transparency;trusts Tax Evasion Taxation Money Laundering anti-lavado de activos;beneficiario final;evasión fiscal;fideicomisos foro global;GAFI;lavado de dinero;sociedades comerciales;transparencia;transparencia financiera;transparencia tributaria;anti-money laundering;beneficial owner;companies;FATF;financial transparency;Global Forum;money laundering;tax evasion;tax transparency;transparency;trusts Inter-American Development Bank Regulation of Beneficial Ownership in Latin America and the Caribbean |
description |
The international community is increasingly aware that adopting laws, regulations, and mechanisms to gather and exchange information about “beneficial owners” (BOs) is crucial for combating tax evasion, money laundering, corruption, and the financing of terrorism. This paper explains the concept of beneficial owner, describes the standards in this area that countries should commit to, and presents the ratings achieved under the FATF and GF evaluations by each one of the 26 Inter-American Development Bank borrowing member countries regarding their beneficial ownership laws and regulations. Moreover, it analyzes the definitions of beneficial ownership currently in use in these 26 countries. In Latin America and the Caribbean, regulation in this area is very uneven. Although most countries have in place regulations defining the concept of beneficial ownership, thesedefinitions do not always comply with international standards. In general, all of the countries have room to improve their regulations and, especially, their compliance in practice. |
author2 |
Andrés Knobel |
author_facet |
Andrés Knobel Inter-American Development Bank |
format |
Technical Notes |
topic_facet |
Tax Evasion Taxation Money Laundering anti-lavado de activos;beneficiario final;evasión fiscal;fideicomisos foro global;GAFI;lavado de dinero;sociedades comerciales;transparencia;transparencia financiera;transparencia tributaria;anti-money laundering;beneficial owner;companies;FATF;financial transparency;Global Forum;money laundering;tax evasion;tax transparency;transparency;trusts |
author |
Inter-American Development Bank |
author_sort |
Inter-American Development Bank |
title |
Regulation of Beneficial Ownership in Latin America and the Caribbean |
title_short |
Regulation of Beneficial Ownership in Latin America and the Caribbean |
title_full |
Regulation of Beneficial Ownership in Latin America and the Caribbean |
title_fullStr |
Regulation of Beneficial Ownership in Latin America and the Caribbean |
title_full_unstemmed |
Regulation of Beneficial Ownership in Latin America and the Caribbean |
title_sort |
regulation of beneficial ownership in latin america and the caribbean |
publisher |
Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0010683 https://publications.iadb.org/en/regulation-beneficial-ownership-latin-america-and-caribbean |
work_keys_str_mv |
AT interamericandevelopmentbank regulationofbeneficialownershipinlatinamericaandthecaribbean |
_version_ |
1806237468583788544 |