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Few G-20 Nations Have Met Corporate Transparency Goals: Report

By Kira Zalan

Fifteen members of the Group of Twenty have failed to meet their commitments to beneficial ownership principles adopted last November in Australia, according to an anti-corruption watchdog group. In a report released Wednesday ahead of a G-20 meeting in Turkey next week, Berlin-based Transparency International (TI) graded the major economies on their efforts to meet the group's ten principles, including the adoption of a legal definition of beneficial ownership, the collection of data on corporate owners and international cooperation. "We're concerned that major international forums like the G-20 Summit can end up as little more than a photo-op if the...

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