# Event: G20 leaders can unmask the corrupt by ending secrecy surrounding company ownership

URL: https://www.transparency.org/en/press/event-g20-leaders-can-unmask-the-corrupt-by-ending-secrecy-surrounding-comp
Type: Press release
Published: 2014-06-12
Updated: 2020-04-07

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12 June 2014

Transparency International’s global effort to stamp out corruption takes a new direction 19 June with the start of an initiative to unmask the corrupt and the companies these criminals use to hide their ill-gotten gains.

Shell companies, secrecy jurisdictions and opaque corporate ownership structures allow the corrupt to hide their stolen wealth. In Melbourne Transparency International’s Chair Huguette Labelle will discuss how governments can stop those who get away with acts of corruption and halt their illicit flows of cash. She will discuss the need for G20 governments to make the changes necessary to ensure that law enforcement and the public know who really benefits from every company registered on their soil.

A World Bank report said that among the 213 cases of grand corruption studied over the last 30 years, more than 70 per cent showed ownership of the stolen funds had been disguised through the misuse of corporate entities, half of which were anonymous shell companies.

***Who:***
Huguette Labelle,
Chair, Transparency International

***Where:***
The Metropolitan Hotel, hosted by the Melbourne Press Club
263 William Street, Melbourne
Melbourne, Australia

***Date & Time:***
Thursday 19 June 2014
12.15pm to 2pm

***RSVP*:**
Numbers limited, bookings essential
RSVP: Wednesday 17 June 2014
Tel: +61 03 9614 2779
Email: bookings@melbournepressclub.com

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