Beneficial Ownership

1 February 2019

This factsheet outlines why corruption risks significantly increase when the identity of those who own, control or benefit from companies holding rights to a country’s valuable resource wealth is hidden from the public.

It outlines six key steps governments can take using beneficial ownership data to combat corruption when deciding who and under what conditions to award mining sector licences, permits and contracts. The factsheet provides practical guidance to governments to strengthen their systems for screening the integrity, character and track record of applicants.