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Article

9 Nov 2015

Author:
AFL-CIO, Alliance for a Just Society, America's Future, American Sustainable Business Council, Citizens for Tax Justice, CIEL, Enough Project, FACT Coalition, Fair Share Education Fund, Financial Transparency Coalition, Global Financial Integrity, Global Integrity, Global Witness, Government Accountability Project, Human Rights Watch, ILRF, iSolon.org, Jubilee USA Network, Main Street Alliance, New Rules for Global Finance, Open Contracting Partnership, OpenTheGovernment.org, Oxfam America, Public Citizen, POGO, PODER, Publish What You Pay US, Responsible Sourcing Network, Sunlight Foundation, Sustainable Purchasing Leadership Council, Transparency International USA, USPIRG

[PDF] Recommended commitments on beneficial ownership transparency, including in federal procurement, for the United States National Action Plan on Responsible Business Conduct

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We, the 32 undersigned organizations, are pleased to submit the following comments on the United States National Action Plan on Responsible Business Conduct…We are pleased to offer these comments and specific recommendations on beneficial ownership transparency, including in US federal procurement, for inclusion in the National Action Plan…The ability to incorporate a company anonymously in the US and abroad is undermining US efforts to curb corruption and to protect against human rights abuses. Years of research demonstrate that the US is a favored place for incorporating anonymous shell companies that have been used to hide stolen assets; bribe public officials; evade sanctions; dodge taxes; launder drug money; and defraud vulnerable Americans, businesses and the government, including through public procurement…Unlocking beneficial ownership information for corporate actors would open new channels of fruitful human rights due diligence along supply chains and for business partners.