Beneficial Ownership Disclosure Roadmap of the Cooperative Republic of Guyana 2018

The aim of the EITI Standard 2016 for beneficial ownership is to make transparent and disclose who ultimately controls and receives the proceeds from licenses to extract a country’s natural resources. The role of “politically exposed persons” is an area of particular concern. Many practices can obscure who are the true beneficial owners of a company. The use of one or more shell companies and/or proxy/nominee owners and directors are two such practices. It is therefore important to strengthen the legal framework in key areas and to ensure that information on beneficial owners are publicly accessible in registries.

See full road map here Benefical Ownership Roadmap 2019