16-17 May 2022
Beneficial ownership transparency (BOT) has become one of the leading topics in the international agenda for financial reform. It is widely seen as a critical tool in fighting illicit financial flows related to corruption, money laundering and tax evasion. South Africa is vulnerable to a range of financial crimes and corruption due to the opacity of who owns and controls corporate vehicles. Evidence from the Zondo Commission demonstrates the close links between opaque corporate structures and the misappropriation of public funds in procurement processes.
A roadmap for South Africa
This national conference coincides with global Open Government week, and will contribute to a multi-stakeholder BOT roadmap for South Africa. Speakers and delegates will consider the opportunities for engaging in the BOT implementation process. .
The two-day hybrid event aims to:
- Share recent progress, and provide detail on the various initiatives underway through the Interdepartmental Committee on BOT
- Discuss international and regional best practice in implementing BOT, and how some of these learnings can be applied to South Africa
- Define the collaborative role of government, civil society, and the private sector in actioning South Africa’s BOT commitments
This conference is co-organised by:
The Department of Public Service and Administration (DPSA), the Financial Intelligence Centre (FIC), Open Government Partnership, Corruption Watch and Open Ownership
Event: Beneficial ownership transparency and why it matters for extractive companies
As part of our Opening Extractives programme, we invite you to join a roundtable discussion on beneficial ownership transparency on Thursday, 24 February at 8:00 CET. The aim is to engage extractive companies in a conversation about the importance of beneficial ownership transparency to companies, the challenges of disclosing beneficial ownership information, and how these are being addressed at the global and country levels.
Published: 16 February 2022
Beneficial Ownership Transparency in Africa: 19-20 May 2021
Published: 15 April 2021
A network effect: Growing company commitment to beneficial ownership transparency
Speakers at the 7 September London Beneficial Ownership Transparency Forum shared insights on how public registers of beneficial owners can be used to build trust, combat corruption, and fight financial crime. Companies in the extractives sector can play a significant role in advancing progress on this agenda.
Published: 22 September 2021