Chile's mandatory beneficial ownership (BO) disclosure for procurement achieves 59% compliance in three months and a 69% drop in monthly conflicts of interest detected

Chile's 2023 Public Procurement Law reform (Law No. 21634) made BO disclosure a mandatory condition for registration on Mercado Público. Within three months of the December 2024 deadline, 59% of the 66,000 targeted companies had complied, registering over 100,000 beneficial owners. Monthly conflict-of-interest cases detected by ChileCompra's Observatory fell 69% – from an average of 18.7 to 5.8 per month.

Year published

Show records from 2025

Jurisdiction

Show records from Chile

Region

Show records in Latin America and the Caribbean

Topics

Show records tagged: Business environment Show records tagged: Public procurement Show records tagged: Transparency and oversight

Type of resource

Show records of type Civil society