{"id":103,"date":"2018-05-03T08:12:11","date_gmt":"2018-05-03T08:12:11","guid":{"rendered":"https:\/\/alignin.com\/press\/?p=103"},"modified":"2018-05-24T14:44:37","modified_gmt":"2018-05-24T14:44:37","slug":"offshore-laws-remain-weak-for-majority-of-g20","status":"publish","type":"post","link":"https:\/\/alignin.com\/press\/2018\/05\/03\/offshore-laws-remain-weak-for-majority-of-g20\/","title":{"rendered":"Offshore laws remain \u2018weak\u2019 for majority of G20"},"content":{"rendered":"<p><a href=\"https:\/\/www.icij.org\/blog\/2018\/04\/offshore-laws-remain-weak-for-majority-of-g20-two-years-after-panama-papers\/\">Offshore laws remain \u2018weak\u2019 for majority of G20<\/a><\/p>\n<p>reporting by Fergus Shiel<\/p>\n<p>Corrupt officials and criminals around the world rely on lax corporate laws and anemic-money laundering safeguards to protect their ill-gotten gains.<br \/>\nSecrecy facilitates corruption because secrecy is allowed in first place.<br \/>\n11 G20 countries still have \u2018weak or average\u2019 laws for revealing the real-life \u2018beneficial owners\u2019 of companies.<\/p>\n<p>Legally speaking, a beneficial owner is the person who actually owns the company, trust or property even though title to it is in another name.<br \/>\nWhy does this matter? Because keeping tabs on beneficial ownership is a vital safeguard against global kleptocracy and terrorism.<br \/>\nWhat is at stake are illicit outflows of billions of dollars from countries as far removed as Nicaragua, Nigeria and North Korea.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Offshore laws remain \u2018weak\u2019 for majority of G20 reporting by Fergus Shiel Corrupt officials and criminals around the world rely on lax corporate laws and anemic-money laundering safeguards to protect their ill-gotten gains. Secrecy facilitates corruption because secrecy is allowed in first place. 11 G20 countries still have \u2018weak or average\u2019 laws for revealing the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/alignin.com\/press\/wp-json\/wp\/v2\/posts\/103"}],"collection":[{"href":"https:\/\/alignin.com\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alignin.com\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alignin.com\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/alignin.com\/press\/wp-json\/wp\/v2\/comments?post=103"}],"version-history":[{"count":1,"href":"https:\/\/alignin.com\/press\/wp-json\/wp\/v2\/posts\/103\/revisions"}],"predecessor-version":[{"id":104,"href":"https:\/\/alignin.com\/press\/wp-json\/wp\/v2\/posts\/103\/revisions\/104"}],"wp:attachment":[{"href":"https:\/\/alignin.com\/press\/wp-json\/wp\/v2\/media?parent=103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alignin.com\/press\/wp-json\/wp\/v2\/categories?post=103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alignin.com\/press\/wp-json\/wp\/v2\/tags?post=103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}