Global Financial Integrity

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Colombia’s New Regulatory Framework for Beneficial Ownership: Analysis of Strengths and Weaknesses

Countries around the world are increasingly recognizing the importance of establishing beneficial ownership (BO) registries as a means to promote transparency and combat financial crimes. As part of this international trend, Colombia passed beneficial ownership legislation in 2021 and emitted regulations for rollout of the registry in 2022. Global Financial Integrity analyzed Colombia’s new legal and regulatory framework for BO and identified five strengths and five weaknesses, as are described in this legal review.

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