Submissions on register of offshore trusts urge confidentiality
Department of Finance has been approached by 19 owners
Almost half of the submissions to the Department of Finance on a proposal for a public register of those who control shell companies urged the government to prevent widespread access to it. The department received 19 submissions on the so-called fourth European Union anti-money laundering directive.
It would require the state to disclose who are the beneficial owners of trusts, similar to those at the heart of the massive Panama papers leaks.
As revealed by The...
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