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unstar this property registered interest false more like this
star this property date less than 2019-05-14more like thismore than 2019-05-14
star this property answering body
Home Office remove filter
star this property answering dept id 1 more like this
star this property answering dept short name Home Office more like this
unstar this property answering dept sort name Home Office more like this
star this property hansard heading Companies: British Overseas Territories and Crown Dependencies more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government when they plan to introduce a public register of beneficial ownership for (1) the Crown Dependencies, and (2) other tax havens for which the UK has responsibility. more like this
star this property tabling member printed
Lord Harries of Pentregarth more like this
star this property uin HL15715 more like this
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answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>It is important to note that the Crown Dependencies are self-governing jurisdictions with their own legislative assemblies, administrative, fiscal and legal systems and courts of law. They have confirmed they will develop public registers of company beneficial ownership once it has been established as a global norm.</p><p>In October 2018 the UK Government launched an international beneficial ownership transparency campaign to shift global norms by encouraging and supporting more countries to implement free to access and publicly available company beneficial ownership registers by 2023. In line with this campaign, the UK Government will encourage the Crown Dependencies to voluntarily introduce measures to improve the transparency of their company ownership.</p><p>Similarly, the Overseas Territories are self-governing jurisdictions. However, in accordance with the Sanctions and Anti-Money Laundering Act 2018, the UK Government will prepare an Order in Council by the end of 2020 requiring all Overseas Territories to have fully functioning publicly accessible registers in place by the end of 2023. The UK Government will work consensually with the Overseas Territories on introducing publicly accessible registers, which includes through technical workshops.</p>
star this property answering member printed Baroness Williams of Trafford more like this
star this property question first answered
less than 2019-05-24T12:25:21.367Zmore like thismore than 2019-05-24T12:25:21.367Z
star this property answering member
4311
star this property label Biography information for Baroness Williams of Trafford more like this
star this property tabling member
3813
unstar this property label Biography information for Lord Harries of Pentregarth remove filter