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Australia to launch public business ownership register by 2028, boosting transparency and accountability.
Australia will launch a public beneficial ownership register by 2028, revealing true business and trust owners, after years of delays and a $207 million funding boost to ASIC.
The move, prompted by cases like the 2015 conviction of brothers who hid ownership of a failing aged care facility, aims to combat tax evasion, money laundering, and fraud.
Initially planned as a restricted registry, the shift to public access reflects pressure to meet international transparency standards and improve accountability in sensitive sectors.
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Australia lanzará un registro público de propietarios de empresas para 2028, impulsando la transparencia y la rendición de cuentas.