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Four Higher-Risk Countries Consider Global Register of Company Ownership: Sources

By Manju Manglani

One country considered high risk for money laundering and three medium-risk nations are negotiating to share company ownership records with the world's first open access, cross-border database of corporate beneficiaries, say sources. The OpenOwnership register launched this month as a public project and incorporates data from the United Kingdom's public register of persons exercising significant control over companies, Slovakia's register of entities benefiting from state assets and reports from more than 20 countries on firms operating in their energy and mining sectors. Four countries from Eastern Europe, Africa and the Middle East are negotiating to become the first to integrate...

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