Tackling the misuse of legal structures to conceal proceeds of corruption has long been a top priority for StAR. Now the issue of transparency and beneficial ownership has finally taken center stage.
The G8, G20, World Bank, StAR and other leading international policy and standard-setting bodies are currently undertaking initiatives to bring about policy, legislative and institutional reforms in the area of transparency and beneficial ownership.
StAR's 3-pronged approach on transparency and beneficial ownership
StAR is actively engaged with stakeholders around the globe to ensure effective and lasting reforms. Our work includes:
- Engaging with leading policymaking and standard setting bodies such as the G8, G20, EU, OECD, FATF, the World Bank and others to increase understanding of these issues and ensure sustained political commitment;
- Helping countries build and strengthen their legislative and institutional frameworks, including through an innovative National Risk Assessment tool, legislative drafting, and host of anti-money laundering and anti-corruption capacity-building programs; and
- Sharing knowledge with stakeholders through reports and tools such as The Puppet Masters: How the Corrupt Hide Stolen Assets Using Legal Structures and What to Do about It and The StAR Corruption Cases Search Center and Asset Recovery Watch cases database. Practical knowledge generated and disseminated in order to raise awareness, bring about policy change and strengthen the capacity of countries.
Click here to read more about key initiatives being undertaken by StAR and countries, civil society organizations and others around the globe and knowledge products pertaining to the misuse of legal structures and what the international community is doing about it.