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Ultimate Beneficial Ownership in Fisheries: The Critical Need for Transparency in Vessel Ownership
Who ultimately owns and controls fishing vessels? This video introduces ultimate beneficial ownership (UBO) and why it matters for fisheries management. UBO transparency helps authorities identify who truly benefits from fishing activities, beyond the registered owner or crew. Strengthening access to beneficial ownership information supports the fight against illegal, unreported and unregulated fishing, improves licensing decisions, enhances monitoring and enforcement, and promotes accountability across jurisdictions. Understanding who controls fishing capacity is essential to ensure fair access, sustainable resource management, and stronger ocean governance.
Learn more at globalfishingwatch.org/ubo
#globalfishingwatch #ubo #ultimatebeneficialownership #transparencyatsea
