ABColombia, 15 individuals, and other 180 global, regional and national signatory organisations have made an urgent appeal to Mairead McGuinness, European Commissioner for Financial Services, Financial Stability and Capital Markets Union, to support strong provisions for meaningful stakeholder access to beneficial ownership registers that were recently proposed by the European Parliament. The position of co-legislators towards corporate secrecy would determine whether the European bloc will continue or not in the path breaking reforms to avoid financial crime.

The EU has an important responsibility to ensure that we and our allies can meaningfully contribute to efforts safeguarding EU’s financial integrity and counter the abuses committed worldwide with the help of EU companies.

Read the full text of the Open Letter and see list of signatories here