Director General Mr. Claude Haylock of the Financial Services Commission (FSC) Belize shares global insights on beneficial ownership at Corporate Registers Forum (CRF) Qatar 2024.With experience in regulating non-bank financial services, strategic management, and serving as a senior diplomat, Director General Haylock offers a unique perspective on corporate governance and risk mitigation.
Here are the key insights from his presentation:
- Registries & Financial Transparency: Registries play a vital role in establishing an effective Ultimate Beneficial Ownership (UBO) framework, ensuring accountability across sectors.
- Education & Awareness: Initiatives around UBO requirements empower businesses to align with both local and global standards, enhancing the integrity of the corporate sector.
- Balancing Transparency & Privacy: Secure UBO data access for authorized entities maintains the balance between transparency and privacy across jurisdictions.
- Public-Private Collaboration: Strong partnerships are fundamental for achieving the oversight needed in modern economies.
- UBO Data Management: Robust UBO data management supports good governance and accountability.
Presentation:
Featured speaker:
Topic: Opening Remarks
Claude B.F. Haylock
Director General and Deputy Chairman of the Financial Services Commission (FSC) of Belize since September 1, 2017, oversees regulation and supervision of the “non-bank” financial services sector. He also serves as the Registrar of Companies, Registrar of Merchant Shipping, and the Registrar of numerous other legal entities including NGOs/NPOs, Foundations, and Trusts.
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