Companies providing offshore services should report all their clients to the state.
If companies providing offshore services were obliged to report all its clients to the state, it would be possible to find persons which through the use of offshore services try to disguise the origin of the acquired property or the proceeds from criminal activities.
Sources:
- Market Analysis of Shareholder Transparency Regimes in Europe, European Central Bank, 11 February 2011
- Vondráček, O., Havrda, M., 21 recipes – Anti-corruption cookbook, Recipe 21: Provision of offshore services to the companies receiving public funds, December 2013
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