{"product_id":"defining-beneficial-ownership-siddhesh-rao-9789403545592","title":"Defining Beneficial Ownership: Implications for Preventing Tax Avoidance and Tax Evasion-Related IFFs in Africa","description":"\u003cp\u003eThe 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 beneficial ownership (BO) is central to identifying the natural persons behind legal structures. Yet, definitions, thresholds, and disclosure obligations vary widely between jurisdictions, creating exploitable gaps.\u003c\/p\u003e \u003cp\u003eThis pioneering book provides the first comprehensive comparative legal study of 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.\u003c\/p\u003e \u003cp\u003eUsing a descriptive-analytic method, the author examines the content, scope, and operationalization of BO requirements across: \u003c\/p\u003e \u003cul\u003e \u003cli\u003e\n\u003cp\u003etax transparency and exchange of information;\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e\n\u003cp\u003eanti-money laundering and counter-terrorist financing regimes;\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e\n\u003cp\u003ecorporate law and governance structures; and\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e\n\u003cp\u003epublic procurement and extractive industry licensing.\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe 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.\u003c\/p\u003e \u003cp\u003eWith its deep integration of comparative law, policy analysis, and practical reform measures, this book has no peers. It will be indispensable to: \u003c\/p\u003e \u003cul\u003e \u003cli\u003e\n\u003cp\u003etax and AML\/Countering the Financing of Terrorism regulators;\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e\n\u003cp\u003epolicymakers and legislative drafters;\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e\n\u003cp\u003elegal practitioners and compliance officers;\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e\n\u003cp\u003eacademic researchers; and\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e\n\u003cp\u003ecivil society organizations advocating for transparency.\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Siddhesh Rao\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 9403545593\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9789403545592\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Kluwer Law International\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/10\/2025\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 176\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.94lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.44d","brand":"Siddhesh Rao","offers":[{"title":"Hardcover","offer_id":47931210989823,"sku":"9789403545592","price":130.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_d68ccdc8-138e-4ea9-8009-19a5d1b6a2e2.jpg?v=1766347207","url":"https:\/\/www.whiterainbookhouse.com\/products\/defining-beneficial-ownership-siddhesh-rao-9789403545592","provider":"WR Book House","version":"1.0","type":"link"}