The Problem of Anonymous Company Ownership – Why Georgia Needs a Register of Beneficial Owners
Tbilisi. Transparency International Georgia publishes the survey: The Problem of Anonymous Company Ownership.
“In recent years, secret financial documents have been occasionally made public (for example, Panama or Pandora Papers), which confirms that public officials throughout the world often utilise anonymous ownership of companies in order to avoid the restrictions on entrepreneurial activities imposed upon them. Anonymous ownership of companies is also often used by the world’s richest people for the purposes of tax evasion, money laundering and for making secret deals.
This problem is relevant for Georgia as well”.
Source: transparency.ge
