Global financial registry
A global financial registry (also known as an international financial registry) is a proposed central database on worldwide ownership of financial assets.[1] The database would be compiled from data from large Western central securities depositories (CSDs), such as the US Depository Trust Company, Euroclear, and Clearstream.[1] Advocates for a registry say it would improve tax compliance, combat money laundering, hinder organized crime, and increase compliance with sanctions.[1][2] Prominent advocates for a global financial registry include the Tax Justice Network and José Antonio Ocampo,[2] as well as economists Thomas Piketty[3] and Gabriel Zucman.[4][5][6]
References
[edit]- ^ a b c Nougayrède, Delphine (2018). "Towards a Global Financial Register? The Case for End Investor Transparency in Central Securities Depositories". Journal of Financial Regulation. 4 (2): 276–313. doi:10.1093/jfr/fjy003. ISSN 2053-4841.
- ^ a b "Tax Activists Call For Transparency Beyond Russian Elites - Law360". www.law360.com. Retrieved 2022-03-18.
- ^ "The western elite is preventing us from going after the assets of Russia's hyper-rich | Thomas Piketty". the Guardian. 2022-03-16. Retrieved 2022-03-18.
- ^ Levitz, Eric (5 April 2016). "Hillary Clinton Needs a Plan for Tackling Tax Havens". Intelligencer. Retrieved 2022-03-18.
- ^ Schwarz, Jon (2016-04-17). "Here's a Way to Shut Down Panama Papers-Style Tax Havens — If We Wanted To". The Intercept. Retrieved 2022-03-18.
- ^ Schwarz, Jon (2021-10-05). "We Can Shut Down the Crimes Exposed by the Pandora Papers — If We Want". The Intercept. Retrieved 2022-03-18.