Sec. 5431. United states policy on multilateral development bank disclosure of beneficial ownership information
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Title XV of the International Financial Institutions Act (22 U.S.C. 262o-262o-4) is further amended by adding at the end the following: The Secretary of the Treasury shall instruct the United States Executive Director at each multilateral development bank— to use voice and vote of the United States to advocate for the adoption of a policy at the respective institution to collect, verify and publish beneficial ownership information for any corporation or limited liability company, other than a publicly listed company, that receives any assistance from the bank; and to vote against the provision of any assistance by the bank to any corporation or limited liability company, other than a publicly listed company, unless the bank collects, verifies, and publishes beneficial ownership information for the entity.
In this section: The term multilateral development bank has the meaning given in section 1701(c)(4). The term beneficial owner has the meaning given in section 5336(3) of title 31, United States Code. .
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- 22 USC 262o-262o
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Sec. 5431
United states policy on multilateral development bank disclosure of beneficial ownership information
Cite22 USC 262o-262o
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