South Africa Moves Against Secretly-Owned Companies (John Campbell, CFR)

The Tax Justice Network-Africa has issued a press release praising the South African government’s commitment to register and make public the “beneficial owners” of all companies incorporated in the country. “Beneficial owners” are those who ultimately benefit from a company. In many countries, governments do not require such information, resulting in anonymously owned companies that may be used by corrupt politicians or others who want to hide their identity. The “Panama Papers” highlight the role such companies play in activities ranging from money laundering to tax evasion

http://blogs.cfr.org/campbell/2016/05/12/south-africa-moves-against-secretly-owned-companies/