“Britain may ban stock certificates known as bearer shares that can be transferred without needing to register ownership, a government minister said, tapping into a drive for greater corporate transparency.  Other measures proposed on Monday by Business Secretary Vince Cable included plans to force nominee directors to reveal more about who benefits from company ownership and proposals to ban companies from acting as directors themselves. At the G8 summit, Britain said it wanted to create a registry of ‘beneficial ownership’ to help tax authorities track down those seeking to launder money or evade taxes by using complicated company structures.”

http://uk.reuters.com/article/2013/07/15/uk-britain-transparency-cable-idUKBRE96E0F020130715

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