WELCOME TO THE ANTI-CORRuption pledge tracker

The Anti-Corruption Pledge Tracker monitors the progress of the commitments made by Governments and organisations at the 2016 Anti-Corruption Summit. Scroll down to see whether the words have turned into action...

The Anti-Corruption Pledge Tracker monitors the progress of the commitments made by Governments and organisations at the 2016 Anti-Corruption Summit. Scroll down to see who has kept to their word...

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Beneficial Ownership

“The misuse of companies, other legal entities and legal arrangements, including trusts, to hide the proceeds of corruption must end. We will enhance transparency over who ultimately owns and controls them, to expose wrongdoing and to disrupt illicit financial flows.” - Anti-Corruption Summit Communiqué

Beneficial ownership is the most active theme from the sample, with 40 of 67 commitments assessed as ‘in play’.

Colombia’s commitment to join the Global Beneficial Ownership Register (now OpenOwnership Register) is marked as overdue, as is France’s commitment to establish public a public central register of beneficial ownership information.

The UK is the only country to have already established its public central register of beneficial ownership information, which was launched in June 2016. The remaining eight completed commitments come from Spain, Switzerland and the USA; the newest and most ambitious of which being a pledge to ensure Spanish law enforcement authorities share beneficial ownership in the central database with counterparts in third countries.

Sixteen commitments focus on creating registers of beneficial ownership for all companies involved in public contracting and buying property. However, half of these are inactive. The UK, which made commitments in both areas, ran a public consultation in spring 2017 and has committed to introduce primary legislation by April 2018.

COMPLETE
View Complete
5.3%
10.4%
UNDERWAY
View Underway
13.3%
OVERDUE
View Overdue
20%
INACTIVE
View Inactive
23%
COMPLETE
These pledges have been completed and are no longer running
Public Register
Beneficial Ownership UK

The UK’s public central register of company beneficial ownership information for all companies incorporated in the UK will be launched in June 2016.

EVIDENCE
Information collection, sharing, availability
Beneficial Ownership USA

The United States announces that the Administration has submitted to Congress new proposed legislation that would require all companies formed within the United States to file adequate and accurate “beneficial ownership” information with the U.S. Department of the Treasury, helping law enforcement prevent and investigate financial crimes

EVIDENCE
Information collection, sharing, availability
Beneficial Ownership USA

The U.S. announces a new regulation on "Customer Due Diligence" that enhances transparency by requiring financial institutions to know and verify the identities of the natural persons (AKA Beneficial Owners) who own, control, and profit from companies when those companies open accounts.

EVIDENCE
Central Register
Beneficial Ownership Spain

The Spanish land registry and registry of movable assets centralize all the information regarding the owners of the land, real estate or movable assets irrespective of the citizenship of the acquiring person. The combined use of this tool and the information available concerning the beneficial ownership information of every company buying one of these properties have proved to be a very useful tool. Spain welcomes the establishment of transparent central registers of foreign companies bidding on public contracts and buying property

EVIDENCE
Central Register
Beneficial Ownership Spain

Spain will continue its commitment to achieve the highest level of transparency, currently guaranteed by the Spanish central register of company beneficial ownership information

EVIDENCE
Automatic Exchange of Information
Beneficial Ownership Spain

As one of the signatories of the G5 initiative, Spain is fully committed in the development of the pilot initiative for automatic exchange of beneficial ownership information

EVIDENCE
Access to International Law Enforcement
Beneficial Ownership Spain

Spain is committed to ensure Spanish law enforcement authorities share the beneficial ownership information available in the Spanish central database with counterparts in third countries. We call other countries to follow an equivalent commitment in terms of sharing beneficial ownership information.

EVIDENCE
Access to International Law Enforcement
Beneficial Ownership Switzerland

We commit to the effective international exchange between law enforcement authorities of beneficial ownership information of companies and other legal persons and arrangements on a case-by-case basis.

EVIDENCE
Access to Domestic Law Enforcement
Beneficial Ownership Spain

Spain will continue its commitment to ensuring that financial intelligence unit, law enforcement agencies and tax agency have full and effective access to beneficial ownership information for companies and other legal entities registered in Spain.

EVIDENCE
Access to Domestic Law Enforcement
Beneficial Ownership Switzerland

We commit to ensuring that law enforcement agencies have full, timely and effective access to beneficial ownership information for companies and other legal persons registered within our jurisdiction, particularly by ensuring that companies are represented by an administrator or director domiciled in Switzerland

EVIDENCE
ONGOING
These pledges have no end point and are continuing to progress
Public Register
Beneficial Ownership AFGHANISTAN

Establishing public central registers of company beneficial ownership information

EVIDENCE
Public Register
Beneficial Ownership INDONESIA

We commit to exploring the establishment of public central registers of company beneficial ownership information

EVIDENCE
Public Register
Beneficial Ownership NIGERIA

Nigeria is committed to establishing a public central register of company beneficial ownership information. (The President of Nigeria has presented a draft Money Laundering Prevention and Prohibition Bill to the National Assembly in February, 2016. This Bill has defined Beneficial Ownership in line with FATF standards.)

EVIDENCE
Property
Beneficial Ownership NIGERIA

We are taking steps to ensure transparency of the ownership and control of all companies involved in property purchase and public contracting. Nigeria is already collating this information through the Extractive Industry Initiative process and would extend it to other sectors.

EVIDENCE
Property
Beneficial Ownership Spain

Spain will take steps to ensure transparency of the ownership and control of all companies involved in property purchase and public contracting

EVIDENCE
Information collection, sharing, availability
Beneficial Ownership INDONESIA

We commit to improving the transparency of the beneficial ownership of legal persons and legal arrangements to prevent misuse of these entities and arrangements for corruption, tax evasion, terrorist financing and money laundering.

EVIDENCE
EITI
Beneficial Ownership WORLD BANK

We will assist countries in reducing tax evasion in high risk sectors and provide technical support for efforts within the context of EITI to identify and make use of information on beneficial ownership of companies.

EVIDENCE
Capacity Building
Beneficial Ownership WORLD BANK

We will provide technical assistance and capacity building to implement standards and reporting requirements on beneficial ownership, including commitments made by G20 countries.

EVIDENCE
Access to International Law Enforcement
Beneficial Ownership RUSSIA

We commit to implement bilateral arrangements that will ensure law enforcement and financial intelligence units in one partner country has full and effective access to the beneficial ownership information of companies incorporated in the other partner country.

EVIDENCE
Access to Domestic Law Enforcement
Beneficial Ownership RUSSIA

We commit to ensuring that national law enforcement agencies and financial intelligence unit have full and effective access to beneficial ownership information for companies and other legal entities registered within their jurisdiction.

EVIDENCE
UNDERWAY
These pledges are underway and on target
Public Register
Beneficial Ownership GHANA

Ghana is committed to preventing the misuse of companies and legal arrangements to hide the proceeds of corruption and commits to strengthening further both the Companies Bill and the Petroleum (Exploration and Production) Bill that are currently before Parliament to ensure that we have public beneficial ownership information and central register for all sectors, including oil and gas sector, in line with UNCAC and FATF Recommendations as well as the Extractive Industries Transparency Initiative (EITI) standards that Ghana is implementing; ensuring that accurate and timely company beneficial ownership information, including in the extractives, is available and accessible to the public

EVIDENCE
Public Register
Beneficial Ownership KENYA

Kenya will take measures in line with her new Companies regulatory framework to establish public central registers of company beneficial ownership information.

EVIDENCE
Public Contracting
Beneficial Ownership ARGENTINA

We will take steps to ensure transparency of the ownership and control of all companies involved in property purchase and public contracting. - We welcome the establishment of transparent central registers of foreign companies bidding on public contracts and buying property, and intend to explore options for taking similar action.

EVIDENCE
Public Contracting
Beneficial Ownership UKRAINE

Punish corruption by preventing corrupt bidders and those who seek to hide their beneficial owners from accessing public contracts and procurement by establishing accessible central databases and address ways of sharing information on corrupt bidders across borders.

EVIDENCE
Public Contracting
Beneficial Ownership WORLD BANK

We will build on reforms and enhance transparency in Bank-financed procurement, including a new requirement to disclose beneficial ownership when bidding on high-value contracts.

EVIDENCE
Property
Beneficial Ownership MEXICO

We will take steps to ensure transparency of the ownership and control of all companies involved in property purchase and public contracting.

EVIDENCE
Property
Beneficial Ownership NIGERIA

Nigeria will establish a transparent central register of foreign companies bidding on public contracts and buying property.

EVIDENCE
Property
Beneficial Ownership UK

The UK will also establish a public register of company beneficial ownership information for foreign companies who already own or buy property in the UK, or who bid on UK central government contracts.

EVIDENCE
EITI
Beneficial Ownership COLOMBIA

Colombia commits to continue participating and supporting the Extractives Industries Transparency Initiative (EITI) and the Open Contracting Partnership (OCP).

EITI
Beneficial Ownership USA

We will continue implementing project-level reporting and satisfy the beneficial ownership requirements consistent with the relevant provisions under the EITI standard.

EVIDENCE
Central Register
Beneficial Ownership AUSTRALIA

Australia is committed to exploring, via public consultation, options for a beneficial ownership register for companies. 

EVIDENCE
Central Register
Beneficial Ownership KENYA

Kenya welcomes the establishment of transparent central registers of foreign and local companies bidding on public contracts and buying property, and will pursue options for taking similar action.

Central Register
Beneficial Ownership MEXICO

We commit to exploring interoperability of different data bases regarding public contracts information and business registries.

EVIDENCE
Automatic Exchange of Information
Beneficial Ownership France

France will participate to the pilot initiative for automatic exchange of beneficial ownership information.

EVIDENCE
OVERDUE
These pledges are underway but have fallen behind target
Public Register
Beneficial Ownership France

France will establish as soon as possible beneficial ownership registers for legal persons as well as for trusts, that will be made accessible to the public.

EVIDENCE
INACTIVE
These pledges are are inactive and not making any progress
Public Register
Beneficial Ownership JORDAN

Jordan commit to exploring public central registers of company beneficial ownership information.

Public Register
Beneficial Ownership NEW ZEALAND

New Zealand commits to exploring the establishment of a public central register of company beneficial ownership information.

Public Register
Beneficial Ownership BULGARIA

Bulgaria commits to exposing illicit financial flows through lifting the veil of secrecy over who owns and controls companies. It already has made public its registry for companies registered under its own jurisdiction and supports internationally recognised measures that ensure accurate and timely information on foreign registered beneficial ownership is made available to all those who need it.

Public Contracting
Beneficial Ownership RUSSIA

We will take steps to ensure transparency of the beneficial ownership of all companies involved in public contracting.

Public Contracting
Beneficial Ownership Spain

Spain will take steps to ensure transparency of the ownership and control of all companies involved in property purchase and public contracting

Public Contracting
Beneficial Ownership AFGHANISTAN

Taking steps to ensure transparency of the ownership and control of all companies involved in property purchase and public contracting. Supporting the establishment of transparent central registers of foreign companies​bidding on public contracts and buying property, and intend to explore options for taking similar action.

Public Contracting
Beneficial Ownership France

We will take steps to ensure transparency of the ownership and control of all companies involved in property purchase and public contracting.

Public Contracting
Beneficial Ownership BRAZIL

Brazil has also taken measures to guarantee that information on the beneficial owner of companies participating in bids and public procurement processes is assembled and verified before the establishment of public contracts.

Public Contracting
Beneficial Ownership BULGARIA

Bulgaria commits to actively investigating the link between corruption and organised crime. Organised criminals use the proceeds from illicit market activities and contraband to influence the judiciary, law-enforcement, central and local government, and the media in order to facilitate their criminal activities, launder proceeds, or win public contracts for their legal fronts. Profits from public contracts awarded to companies linked to organised crime are used to finance VAT fraud schemes or the illicit trade in excise tax goods or drugs. Seizing the profits of organised criminals and denying access to public contracts of their front companies is key to tackling corruption.

Public Contracting
Beneficial Ownership GEORGIA

Georgia will take steps to ensure transparency of the ownership and control of all companies involved in public contracting.

Property
Beneficial Ownership AFGHANISTAN

Taking steps to ensure transparency of the ownership and control of all companies involved in property purchase and public contracting. Supporting the establishment of transparent central registers of foreign companies​bidding on public contracts and buying property, and intend to explore options for taking similar action.

Property
Beneficial Ownership France

We will take steps to ensure transparency of the ownership and control of all companies involved in property purchase and public contracting.

Property
Beneficial Ownership ARGENTINA

We will take steps to ensure transparency of the ownership and control of all companies involved in property purchase and public contracting. - We welcome the establishment of transparent central registers of foreign companies bidding on public contracts and buying property, and intend to explore options for taking similar action.

EVIDENCE
Information collection, sharing, availability
Beneficial Ownership JAPAN

We commit to ensure that financial institutions as well as designated non-financial businesses and professions are obliged to verify the natural person as a beneficial owner of a legal person or a legal arrangement and to keep such information adequate, accurate and up-to-date.

Information collection, sharing, availability
Beneficial Ownership Switzerland

We commit to fully implementing the FATF standards on transparency and beneficial ownership of legal persons and arrangements and have taken legislative measures to this effect which entered into force on 1 January 2016. 

Information collection, sharing, availability
Beneficial Ownership TRINIDAD AND TOBAGO

Trinidad and Tobago is prepared to provide full and effective access to the beneficial ownership information of companies incorporated in Trinidad and Tobago to other partner countries willing to share such information with us.

Information collection, sharing, availability
Beneficial Ownership UKRAINE

Putting in place mechanisms to verify the accuracy of the Beneficial Ownership information provided by companies and enforce compliance with the obligation to submit this information by June of 2017.

Information collection, sharing, availability
Beneficial Ownership AUSTRALIA

Australia has tracing powers for beneficial ownership of listed companies and investment schemes and is committed to ensuring that adequate, accurate and timely information on beneficial ownership and control is available to competent authorities. 

Information collection, sharing, availability
Beneficial Ownership BRAZIL

Brazil is implementing measures and regulations to ensure that information on beneficial owner of companies is obtained, verified, recorded and kept up-to-date.  

Information collection, sharing, availability
Beneficial Ownership COLOMBIA

Colombia commits to facilitate access to local and foreign law enforcement authorities on beneficial ownership information with the necessary measures aimed at preventing targeted companies, investment legal arrangements and individuals from being alerted of ongoing investigations.

Global Beneficial Ownership Register
Beneficial Ownership COLOMBIA

Colombia commits to participate in the Global Beneficial Ownership Register with the information collected in public procurement platforms.

EITI
Beneficial Ownership AUSTRALIA

We welcome the new 2016 EITI Standard, in particular the requirements on beneficial ownership and the sale of the state’s share of production.

Central Register
Beneficial Ownership ARGENTINA

We commit to expanding the beneficial ownership universe of foreign companies to be identified, through the introduction of reforms aimed to reduce the percentage of ownership of capital used as a criterion for determining - or not the obligation to register .

EVIDENCE
Central Register
Beneficial Ownership COLOMBIA

Colombia commits to create a Central Registry of Beneficial Ownership of National Companies, including those whose parent companies or investment legal arrangements are domiciled offshore, with effective and unrestricted access for local and foreign law enforcement authorities.

Automatic Exchange of Information
Beneficial Ownership NIGERIA

We commit to joining the pilot initiative for automatic exchange of beneficial information.

Automatic Exchange of Information
Beneficial Ownership AFGHANISTAN

Joining the pilot initiative for automatic exchange of beneficial information​.

Access to International Law Enforcement
Beneficial Ownership KENYA

Kenya commits to ensuring that international and domestic law enforcement agencies have full and effective access to beneficial ownership information for companies and other legal entities registered within their jurisdiction.

Access to International Law Enforcement
Beneficial Ownership NEW ZEALAND

New Zealand will also continue to implement bilateral arrangements that will ensure law enforcement in one partner country has full and effective access to the beneficial ownership information of companies incorporated in the other partner country.

Access to International Law Enforcement
Beneficial Ownership NIGERIA

We are committed to implementing bilateral arrangements that will ensure law enforcement in one partner country has full and effective access to the beneficial ownership information of companies incorporated in the other partner country.

Access to International Law Enforcement
Beneficial Ownership TRINIDAD AND TOBAGO

Trinidad and Tobago is open to implementing bilateral arrangements that will ensure law enforcement in Trinidad and Tobago have full and effective access to the beneficial ownership information of companies incorporated in other countries who are willing to share such information with us

Access to International Law Enforcement
Beneficial Ownership JAPAN

We commit to implement bilateral arrangements that will ensure law enforcement in one partner country has access to the beneficial ownership information of companies incorporated in the other partner country.

Access to Domestic Law Enforcement
Beneficial Ownership KENYA

Kenya commits to ensuring that international and domestic law enforcement agencies have full and effective access to beneficial ownership information for companies and other legal entities registered within their jurisdiction.

Access to Domestic Law Enforcement
Beneficial Ownership MEXICO

We commit to promote that law enforcement agencies at the national/federal level, have full and effective access to beneficial ownership information for companies and other legal entities registered within their jurisdiction.

Access to Domestic Law Enforcement
Beneficial Ownership AFGHANISTAN

Ensuring that law enforcement agencies have full and effective access to beneficial ownership information​for companies and other legal entities registered within their jurisdiction,

Access to Domestic Law Enforcement
Beneficial Ownership JAPAN

We commit to ensuring that law enforcement agencies have access to beneficial ownership information for companies and other legal entities registered within their jurisdiction.

EVIDENCE
Access to Beneficial Ownership Information
Beneficial Ownership UKRAINE

Committing to implement bilateral agreements that provide full and effective access for law enforcement agencies and financial intelligence units of a partner country to information on the final beneficiaries of the companies registered in the territory of another partner country