# Who is Behind the Wheel? Fixing the Global Standards on Company Ownership URL: https://www.transparency.org/en/publications/who-is-behind-the-wheel-fixing-the-global-standards-on-company-ownership Type: Publication or report Published: 2019-10-17 Updated: 2022-02-19 --- 17 October 2019 To counter crime and corruption, law enforcement authorities around the world need to be able to swiftly uncover the identities of the real owners of companies. For instance, if there are suspicions that a bank account belonging to a company is being used to handle the proceeds of crime, authorities should have the power to quickly find out who the person behind that company is. In the last five years, several major investigations have demonstrated how easy it is to set up and manage a legal entity without having to provide information about its beneficial owner – the real, natural person who ultimately owns and controls it and on whose behalf transactions are conducted. The challenge this poses to authorities is exacerbated when there is a transnational element: companies are often set up in one country, with the support of professionals in another. Assets and bank accounts, meanwhile, may be in a third country with the real person calling the shots in yet another. The end result is that even when the authorities have identified a company as a vehicle for laundering illicit finances, the person in control remains a mystery. Crucially, this structural weakness is not limited to offshore jurisdictions alone. Transparency International argues that public registers of beneficial ownership should be the norm. ### Related publications ## [Regional Assessment of Integrity in Political Finance in South Asia, Southeast Asia and East Asia](https://www.transparency.org/en/publications/integrity-political-finance-asia) Publication • 03 September 2026 This report reviews systems across 17 countries to identify the areas of political finance most in need of reform. ## [Annual Report 2025](https://www.transparency.org/en/publications/annual-report-2025) Publication • 17 July 2026 In 2025, Transparency International pursued its mission to stop corruption and promote transparency, accountability and integrity at all levels and across all sectors of society. ## [Whistleblowing Authorities in Europe: Roles, challenges and lessons learned](https://www.transparency.org/en/publications/whistleblowing-authorities-in-europe-roles-challenges-and-lessons-learned) Publication • 19 June 2026 This report examines the institutional design, mandates and functioning of national whistleblowing authorities across Europe. ## [Global Corruption Barometer 2003](https://www.transparency.org/en/publications/gcb-2003) Publication • 03 July 2003 ## Priorities - [Dirty money](https://www.transparency.org/en/our-priorities/dirty-money) ## Regions - [Global](https://www.transparency.org/en/region/global) ## Projects - [Global Anti-Corruption Consortium](https://www.transparency.org/en/projects/global-anti-corruption-consortium) ![](https://images.transparencycdn.org/images/2019_behindthewheel_cover.png?auto=compress&fit=crop&fm=webp&w=1200) [Download](https://images.transparencycdn.org/images/2019_Who_is_behind_the_wheel_EN.pdf)