Global Civil Society Organisations Concerned About European Court Ruling on Beneficial Ownership Transparency
Helen Darbishire2022-11-30T15:11:57+01:00As European Union and African Union representatives meet in Brussels on Monday 28 November 2022 to review progress following the EU-AU Summit in February, 34 African and European civil society organisations have raised concerns about threats to ground-breaking EU transparency measures, which could undermine all that has been put in place to prevent and combat the problem of illicit financial flows out of Africa. The 34 organisations state: “Illicit financial flows rob African nations of almost US$89 billion each year. Anonymous companies are often used as the get-away vehicles of the corrupt, helping syphon these funds out of Africa