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839297

	registered interest
	date	08/02/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans he has to introduce automated verification systems in Companies House to check the accuracy of the register of beneficial ownership for companies; and how much it costs to maintain the public register each year with regards to staff, IT and any associated overheads.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	127851
	answer	answer is ministerial correction date of answer 20/02/2018 answer text <p>There are no current plans to introduce automated verification of beneficial ownership information.</p><p> </p><p>However, Companies House is undertaking a number of activities to improve the quality of information relating to beneficial ownership, the People with Significant Control (PSC) data, on the register, including:</p><p> </p><p>1. contacting companies where they believe the company has misunderstood the requirements, to ensure that the records are corrected and that they comply with their legal requirements;</p><p>2. pursuing companies that have not provided PSC information in their confirmation statement or that have not provided a statement of additional matters;</p><p>3. following up with companies and PSCs where they have issued notices to their PSC (asking the PSCs to provide them with information), or restrictions (where a PSC has failed to provide information), to ensure they update the information on their company records;</p><p>4. seeking compliance from companies where there has been a complaint about missing or incorrect PSC information.</p><p> </p><p>The cost of maintaining the entire public register in 2016/17 was £56.6m. Staff costs were £28.5m and non-staff administration costs were £28.1m. Further information can be found in the Companies House Annual Report and Accounts for 2016/17.</p><p> </p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 20/02/2018 15:34:41 answering member 3936 label Biography information for Andrew Griffiths
	tabling member	4657 label Biography information for Anneliese Dodds

810725

	registered interest
	date	21/12/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will take steps to increase the number of staff at Companies House that monitor the accuracy of data on the beneficial ownership register for companies.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	121070
	answer	answer is ministerial correction date of answer 10/01/2018 answer text <p>Companies House has recently increased the number of staff that deal specifically with beneficial ownership (people with significant control) compliance activities. Companies House plans to further increase this figure over the coming months.</p><p> </p><p>These staff work closely with a number of other bodies who are also involved in ensuring compliance with legislation regarding beneficial ownership.</p> answering member constituency Stourbridge answering member printed Margot James question first answered 10/01/2018 14:20:27 answering member 4115 label Biography information for Margot James
	tabling member	4657 label Biography information for Anneliese Dodds

837977

	registered interest
	date	06/02/2018
	answering body	Foreign and Commonwealth Office
	answering dept id	16
	answering dept short name	Foreign and Commonwealth Office
	answering dept sort name	Foreign and Commonwealth Office
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Foreign and Commonwealth Affairs, with reference to the contribution of 12 December 2017 by Lord Ahmed of Wimbledon, HL Deb col 1519, on the Sanctions and Anti Money Laundering Bill what constitutes a similarly effective mechanism for beneficial ownership registers.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	127007
	answer	answer is ministerial correction date of answer 20/02/2018 answer text <p>Electronic search platforms are a technical solution designed to achieve precisely the same result as a closed central register in terms of gaining access to and the sharing of beneficial ownership information for the purposes of combating economic crime.</p> answering member constituency Rutland and Melton answering member printed Sir Alan Duncan question first answered 20/02/2018 16:57:28 answering member 343 label Biography information for Sir Alan Duncan
	tabling member	4657 label Biography information for Anneliese Dodds

1007162

	registered interest
	date	14/11/2018
	answering body	Home Office
	answering dept id	1
	answering dept short name	Home Office
	answering dept sort name	Home Office
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for the Home Department, what steps his Department has taken since the passing of the Sanctions and Anti-Money Laundering Act 2018 to encourage Crown dependencies to introduce public registers of beneficial ownership.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	191478
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>The Home Office leads on the Government’s relationship with the Crown Dependencies on beneficial ownership. The Crown Dependencies have confirmed they will develop public registers of company beneficial ownership once it has been established as a global norm.</p><p>The Government recently launched the global beneficial ownership transparency campaign to shift the global norms on beneficial ownership transparency by 2023.</p> answering member constituency Wyre and Preston North answering member printed Mr Ben Wallace question first answered 19/11/2018 16:55:12 answering member 1539 label Biography information for Mr Ben Wallace
	tabling member	4657 label Biography information for Anneliese Dodds