Romania Insider – When “offshore” is not “offshore”

Desert islands When offshore is not offshore

Following the London summit on anti-corruption and the leak of the Panama Papers, Romanian Insider has published an article by Neil McGregor on the implications for Romania of the UK’s new moves to make transparent who ultimately controls British companies – and the consequences of failing to ensure that the necessary disclosures are made. This is not only a model for Romania but also allows checks to be made on what Romanian individuals and companies control where a UK company in involved, and also who ultimately controls Romanian subsidiary companies which have a direct or indirect British parent company.

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