Corruption and poor governance not only increase risk and instability for business, but they also deprive people of critical public services, well-functioning infrastructure and fundamental human rights. To prevent corruption and boost accountability, companies need to know who they are doing business with and financial institutions need to know their customers.

Citizens also need to understand who influences and benefits from public funds and law enforcement needs to hold individuals responsible for crime and corruption. The private sector has a critical role to play in ending corruption, not only because it’s good for business, but because it’s good for society. There are two key opportunities to do so: ending anonymous companies and cleaning up contracting.

It’s no secret that anonymous companies are bad for society and bad for business. While it’s impossible to know who owns an anonymous company, it’s entirely possible to end them. Here’s how.