The Shewan report on trust laws has found current disclosure rules are inadequate and it wants to see the requirements extended significantly.

But will it flush out a bunch of crooks who have been getting it too easy for too long?

Tax director at PriceWaterhouseCoopers, Geoff Nightingale, told Mike Hosking that remains to be seen.

"These measures are such that people that are using these trusts for illegal purposes will not want to have all that disclosure, so it will be interesting to see what effect it has on the registration."

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