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The push for beneficial-ownership registries goes global; ENRC turns the tables on the SFO
11 June 2021 00:00
The global push for registries revealing what people and interests lie behind even the most obscure of shell companies is gaining momentum, with a UN special session prompting a renewal of commitment to establishing ownership databases. But while the mounting interest in the registries is being welcomed, the models being embraced by key players in the fight against corruption can differ. Also on today’s podcast: The Kazakh mining company ENRC has been under investigation by the UK’s Serious Fraud Office since 2013. But in a London court, the company has taken aim at both one of its former lawyers and the SFO itself over their communications in the course of the ongoing probe.
Beneficial ownership registries move to center of global attention as work on implementation heats upBeneficial ownership policy and practice will come into sharper focus this spring and summer as multinational bodies discuss global standards.
When lawyers for the UK arm of Eurasian Resources Group stand up at the High Court in London and kick off weeks of argument that the Serious Fraud Office owes the company tens of millions of pounds.