Within the framework of the Action against Economic Crime the Council of Europe organised a workshop on “Transparency of Beneficial Ownership”. The participants had an opportunity to discuss with Council of Europe experts the good practices and standards as well as the importance of ensuring the transparency of beneficial ownership in view of ensuring effective measures to fight Money Laundering. Furthermore, a Council of Europe expert based on previous discussions presented tailor made guidelines for the private sector in “the former Yugoslav Republic of Macedonia” with the aim of increasing the transparency of beneficial ownership and understanding of ownership structure to the relevant authorities.