Financial Crime World

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Slovak Republic Strides Towards Beneficial Ownership Transparency

In its ongoing efforts to combat financial crime and increase transparency, the Slovak Republic has taken significant strides in implementing beneficial ownership reforms.

A Step Forward in Transparency

The country’s Public Sector Partners Register (RPVS) has been mapped by Open Ownership, a global initiative that standardizes and republishes beneficial ownership data. This development marks a crucial step towards increasing transparency and combating financial crime.

Key Features of the RPVS

  • Launched: 2017
  • Scope: Procurement sectoral
  • Threshold used to determine beneficial ownership: 25%
  • Structured data publicly available: Yes
  • Published as BODS: No
  • Available via API: Yes
  • Available on the OO register: Yes

Commitment to Beneficial Ownership Transparency

The Slovak Republic has committed to beneficial ownership transparency through various channels, including:

Membership in Key Initiatives

  • Beneficial Ownership Leadership Group (BO LG): The country is a member of this group, which aims to promote beneficial ownership transparency.
  • European Union’s fifth Anti-Money Laundering Directive: The Slovak Republic has made commitments under this directive to enhance beneficial ownership transparency.

Additional Commitments

  • Open Government Partnership National Action Plan: The country has included beneficial ownership transparency in its national action plan.
  • Summit for Democracy (2023): The Slovak Republic reaffirmed its commitment to effective implementation of beneficial ownership measures at the Summit for Democracy.

Limitations and Future Directions

While progress has been made, data on the Open Ownership map is subject to limitations and may not be comprehensive for all countries. For accurate information or to submit new data, please visit the Open Ownership website.