| answer text |
<p>The EU’s Fourth Anti-Money Laundering Directive requires Member States to ensure
that companies in their jurisdictions obtain and hold information on their beneficial
owners. The UK’s register of company beneficial owners, the People with Significant
Control register, went live in June 2016, and UK companies have been required to obtain,
hold and provide to Companies House their beneficial ownership information. The UK’s
anti-money laundering regime is currently being evaluated by the Financial Action
Task Force, which will report in due course. Following this evaluation, the Government
will actively consider areas where the anti-money laundering framework can be improved.
The Government will look in particular at controls over who registers companies in
the UK, what information they have to provide, and how assurance is provided over
that information.</p>
|
 |
