Moves to stop corrupt politicians and criminals from hiding behind anonymous U.S. shell companies welcomed
Global Witness applauds Representatives Maloney (D-NY), Frank (D-MA) and Lynch (D-MA) for introducing legislation that would tackle corporate secrecy. If passed into law, the Incorporation Transparency and Law Enforcement Assistance Act (H.R. 3416), a companion bill to the Senate’s bipartisan S. 1483, would require companies to disclose their ultimate owners when the company is set up.