#openownership How have the privacy aspects been considered? Law abiding ppl having assets searchable vs criminals hiding more carefully
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Holding assets through a company gives limited liability. Social contract that comes with that is declaring your identity...(1/2)
Clearly isn't the case in law now. (e.g. in US) - so not part of existing social contract. Maybe should be. But case is assumed not made
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Agreed that not universal legal principle. But one that was there from founding of corporate structures in the UK.
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fair enough each country can choose own approach, but all to meet FATF std. UK approach not only (or nec. best) way
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