This report from Global Financial Integrity and Global Witness, draws on ten cases involving anonymous companies. The report maintains that corporate secrecy can damage the global economy and hurt unwitting investors and pension fund holders. The report gives recommendations to investors call on all governments to make beneficial ownership information public for all to see. Investors manage risks by assessing the steps taken by companies to publicly disclose their ultimate beneficial owners and uncover the beneficial owners of their business partners and supply chains. Investors engage the U.S. Administration to ensure that it prioritizes legislative and regulatory efforts to determine the ultimate, true beneficial owners of American companies. All companies publicly disclose who ultimately owns and controls them as an expression of business integrity and ethics. The report sets out examples from across several industries of the hidden dangers that anonymously-owned companies pose for investors and businesses. It also provides tools to help the business community manage risks stemming from anonymously-owned companies, which can result in significant, negative financial impacts.