The Philippines has built a substantial beneficial ownership (BO) framework through phased regulatory reforms—spanning anti-money laundering rules, corporate registry disclosure, public procurement, and extractive industry governance. Yet the framework remains structurally fragmented: definitions and thresholds vary across regimes, verification is weak, inter-agency data-sharing is uneven, and access remains largely restricted. This brief argues that a dedicated primary beneficial ownership law is now essential. Such legislation would unify the regime’s legal architecture, standardize disclosure obligations, expand the central registrar under the SEC, strengthen verification, and define lawful and proportionate access rules—converting BO disclosure from fragmented compliance reporting into an operational governance tool.