Suriname Committed to Beneficial Ownership Transparency Reforms

A Major Step Towards Extractives Sector Transparency

Suriname has made significant commitments to implement beneficial ownership transparency reforms, with a particular focus on the extractives sector. As a member of the Extractives Industry Transparency Initiative (EITI), the country has pledged to disclose information about the true owners of companies operating in this sector.

History of Commitment

According to sources, Suriname’s commitment to beneficial ownership transparency was made as far back as May 2017. While details of the implementation plan are scarce, it is understood that the government intends to take a phased approach to rolling out these reforms.

Progress and Milestones

The country’s progress on implementing beneficial ownership transparency has been marked by some notable milestones. Despite some uncertainty around the timing and scope of the reforms, Suriname remains committed to its EITI membership and the principles of transparency and accountability that it embodies.

Key Takeaways

• Suriname has made significant commitments to implement beneficial ownership transparency reforms in the extractives sector.
• The country has pledged to disclose information about the true owners of companies operating in this sector as a member of the Extractives Industry Transparency Initiative (EITI).
• Suriname’s commitment was made in May 2017, with plans to take a phased approach to implementing these reforms.

Learn More

For further information on Suriname’s commitment to beneficial ownership transparency, please refer to the country’s implementation details section.