Published:
Hong Kong corporate disclosure laws under fire
Hong Kong charges high fees to access the corporate registry.
According to Reuters, Hong Kong is beefing up corporate disclosure laws following the Panama Papers scandal, but unlike many other financial centres it is not making it any easier to access the information, transparency campaigners and private investigators say.
Instead it charges high fees to access the territory's corporate registry, a tool transparency activists say is vital to prevent white-collar crime and promote a fair business environment as it contains information on company directors, shareholders and financial holdings.
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