In search of the owner: regulating through transparency

Research output: Contribution to journalArticlepeer-review

79 Downloads (Pure)

Abstract

It has been argued that obscurity in ownership structures has created an opportunity for illegal activities, such as tax evasion, money laundering, and corruption, to go unnoticed. We examine the impact of international transparency initiatives on practitioners and the regulatory landscape in the national context of Seychelles. This article shows how the ambiguities and undesirable effects surrounding transparency become not an exception but, rather, a rule, a necessary and inescapable necessity of the pursuit of visibility. In particular, we explore the transparency of beneficial ownership standards which aim to eliminate the difficulty, if not impossibility, of tracing assets and financial flows to the actual owners. Using theoretical insights of Deleuze, we investigate the engagement with beneficial ownership transparency standards, and the transformative capabilities of transparency in the national setting. We substantiate our argument empirically through a single case study of Seychelles, informed by semi-structured interviews and documentary material, which has benefitted from an in-depth understanding of the setting as an international financial centre.
Original languageEnglish
Article number102421
Number of pages17
JournalCritical Perspectives on Accounting
Early online date4 Feb 2022
DOIs
Publication statusE-pub ahead of print - 4 Feb 2022

Keywords

  • transparency, luminous arrangements, society of control, dividuals, tax haven, beneficial ownership

Fingerprint

Dive into the research topics of 'In search of the owner: regulating through transparency'. Together they form a unique fingerprint.

Cite this