ABSTRACT
The lack of transparency over who owns or controls legal vehicles (i.e. their beneficial owners) is a global concern. The ordering of responses to this global issue has matured over more than two decades and has reached beyond domestic laws to transnational law and legal norms. This article focuses on the process of transnational legal ordering regarding beneficial ownership registration that mandates the establishment of central government-held registries of beneficial ownership information to ensure the availability of adequate, accurate, and up-to-date information. This article draws on and aims to contribute to previous research into transnational legal ordering therein analytically assessing the institutionalization along the two dimensions of normative settlement and alignment. This study shows that the beneficial ownership registration transnational legal order is not yet fully institutionalized. We argue that this limitation hampers its capability to promote global financial transparency and underscore the ongoing need for further advancements in transnational legal orders to effectively combat the misuse of legal vehicles on a global scale.
Ates, Leyla and Knobel, Andres and Lorenzo, Florencia and Meinzer, Markus, The Transnational Legal Ordering of Beneficial Ownership Registration (October 31, 2024). The version of record of this manuscript has been published and is available in the Transnational Legal Theory, 27 Feb 2025, https://www.tandfonline.com [10.1080/20414005.2025.2471184].
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