The push for beneficial-ownership registries goes global; ENRC turns the tables on the SFO

MLex Market Insight

The global push for registries revealing what people and interests lie behind even the most obscure of shell companies is gaining momentum, with a UN special session prompting a renewal of commitment to establishing ownership databases. But while the mounting interest in the registries is being welcomed, the models being embraced by key players in the fight against corruption can differ. Also on today’s podcast: The Kazakh mining company ENRC has been under investigation by the UK’s Serious Fraud Office since 2013. But in a London court, the company has taken aim at both one of its former lawyers and the SFO itself over their communications in the course of the ongoing probe.