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Defining Beneficial Ownership - Implications for preventing tax avoidance and tax evasion related IFFs in Africa

Defining Beneficial Ownership - Implications for preventing tax avoidance and tax evasion related IFFs in Africa

Author: Siddhesh Rao
Publisher: Kluwer Law International
ISBN: 9789403545592

Published In: December 2025
Format: Hardback
Jurisdiction: Netherlands ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 1,236.91

HKD 1,199.80 Save HKD 37.11 (3%)

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Description
Contents

Details

Defining Beneficial Ownership is a pioneering book providing the first comprehensive comparative legal study of beneficial ownership (BO) definitions and implementation in Africa, anchored in international frameworks such as Financial Action Tax Force Recommendations, the UN Convention against Corruption, the OECD’s Global Forum standards, the EU Anti-Money Laundering Directives, and the Extractive Industries Transparency Initiative.

The fight against illicit financial flows (IFFs) in Africa hinges on a simple question: Who ultimately owns and controls companies and assets? Across tax, anti-money laundering (AML), and corporate governance regimes, the concept of BO is central to identifying the natural persons behind legal structures. Yet, definitions, thresholds, and disclosure obligations vary widely between jurisdictions, creating exploitable gaps.

What’s in this book:

Using a descriptive-analytic method, the author examines the content, scope, and operationalization of BO requirements across:

tax transparency and exchange of information
anti-money laundering and counter-terrorist financing regimes
corporate law and governance structures, and
public procurement and extractive industry licensing

The analysis draws on detailed country case studies of Kenya, Nigeria, and South Africa, revealing both legal innovations and persistent enforcement challenges. The book also proposes a model BO definition.

How this will help you:

With its deep integration of comparative law, policy analysis, and practical reform measures, this book has no peers. It will be indispensable to:

tax and AML/Countering the Financing of Terrorism regulators
policymakers and legislative drafters
legal practitioners and compliance officers
academic researchers, and
civil society organizations advocating for transparency

List of Abbreviations

List of Tables

Acknowledgement

CHAPTER 1. Introduction

CHAPTER 2. The Context of the Relationship Between Misuse of Legal Persons and Legal Arrangements and IFFs in Kenya, Nigeria and South Africa

CHAPTER 3. Transparency and Beneficial Ownership Legislation as the Solution to Prevent Misuse of Legal Persons and Legal Arrangements

CHAPTER 4. Normative Framework for the Definition of Beneficial Ownership

CHAPTER 5. Comparative Analysis of the Definition of Beneficial Ownership in Kenya, Nigeria and South Africa

CHAPTER 6. Outcomes and Conclusion

Bibliography