Civil society organizations urged the participants of a conference on combating money laundering to insist on the establishment of a public register that would show who owns which company in which country.
Governments are failing to tackle international money laundering and tax fraud because police don’t have the tools to track down the owners of companies suspected of criminal activity, Transparency International (TI) said in its Thursday report about company ownership.
Despite objections by conservatives, Iran passed a long-awaited anti money laundering bill on Saturday, taking the country one step closer to accessing the international financial system.
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