17th IACC

This interactive circle will have small ‘level-setting’ presentations by a panel of experts from various industries in order to facilitate participation and debate from the audience on beneficial ownership transparency as outlined below.

In November 2014, the G20 committed to enhancing beneficial ownership transparency. This included a requirement by firms in G20 countries to ensure that their own beneficial information is “timely and adequate, accurate and current” for access by authorities. In order to facilitate these efforts, the B20 Anti-Corruption Task Force, through its Work Stream on Beneficial Ownership Transparency began working towards providing companies with guidance on improving practices around beneficial ownership. To that end the work stream began engaging companies in a dialogue surrounding business use cases for beneficial ownership transparency, and how to implement such transparency in practical ways through an inaugural workshop in Paris.

The B Team, Deloitte, the Bank of Montreal and Thomson Reuters continued the work of the Beneficial Ownership Transparency Work Stream by hosting several additional workshops in New York, Beijing, Nairobi, Delhi and London (additional workshops will be held before the IACC in Dubai and Marrakech). The workshop during the IACC aims to build on those efforts. It seeks to bring together participants from a variety of business sectors (i.e. banking, pharmaceuticals, professional services, etc.) to provide feedback and generate new ideas on a variety of use cases that will help inform business implementation and best practices on beneficial ownership transparency.

It will also highlight experiences of leading by example in transparency, share options for further private sector leadership on this issue, and engage the audience in discussing the ongoing role the private sector can play in making beneficial ownership transparency a global norm and practice.