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First Global Registry of Beneficial Ownership Launched

TRACE International is pleased to introduce TRACEpublic, the first global registry of beneficial ownership. Developed in direct response to the risks inherent in secret company ownership, TRACEpublic enables companies to voluntarily and publicly provide their ownership information as a means to enhance corporate transparency and facilitate meaningful due diligence. Although identifying the beneficial owners of third party intermediaries, joint venture partners, distributers, suppliers and agents is a basic due diligence requirement, in most countries this information cannot be easily obtained. Calls for greater transparency and full disclosure underscore the need for a global registry of beneficial ownership.”

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