An asset is property that has value, and may be used to meet commitments, pay debts or generate income streams. Asset privacy is the practice of concealing ownership of assets, for example by transferring ownership to a company whose ownership is itself opaque, while retaining control. Asset privacy has been seen as a major facilitator of corruption and money laundering, and so many countries are seeking to promote transparency with registers of beneficial ownership, which make clear which human individuals are the ultimate beneficiaries of a business’ activity.
Data, as a source of future value, can also be seen and managed as an asset. In that case, asset management techniques will seek to manage risk, facilitate data security and ensure data quality.
Further reading:
See also: DATA STEWARD, FINANCIAL PRIVACY, PRIVATE PROPERTY
Berkhout, R. and Fernando, F., 2022. Unmasking control: a guide to beneficial ownership transparency. Washington DC: International Monetary Fund. Available from: www.elibrary.imf.org/display/book/9798400208041/9798400208041.xml?cid=web-com-TBOIGPEA.
Leonelli, S., 2019. Data – from objects to assets. Nature, 574, 317–20, https://doi.org/10.1038/d41586-019-03062-w.
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Berkhout, R. and Fernando, F., 2022. Unmasking control: a guide to beneficial ownership transparency. Washington DC: International Monetary Fund. Available from: www.elibrary.imf.org/display/book/9798400208041/9798400208041.xml?cid=web-com-TBOIGPEA.
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Leonelli, S., 2019. Data – from objects to assets. Nature, 574, 317–20, https://doi.org/10.1038/d41586-019-03062-w.
