Beneficial ownership in Mongolia: A way forward (Michael Barron, Tim Law, Jake Hartnett, Batsugar Tsedendamba, Amar Adiya, and Ariuntsetseg Jigmeddorj, Brookings)

Beneficial ownership transparency (BOT) is important to build trust and confidence in the integrity of extractive industries, and indeed a country’s entire economy. Demands from international investors, finance providers, and citizens for increased transparency around the ultimate ownership and benefit derivation from extractive activities are growing. Meanwhile, more and more governments worldwide seek to clamp down on tax evasion, corruption and money laundering.

Mongolia, as it continues to compete with other countries to attract investment and financing to its mining sector, will need to meet the expectations of greater transparency in its extractives sector. It has already introduced the concept of beneficial ownership (BO) into its legislation as part of anti-money laundering laws. However, implementation is lacking, with many parts of the BOT process incomplete.

Beneficial ownership in Mongolia: A way forward (brookings.edu)

Marco Emanuele
Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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