British Overseas Territories: Companies
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps he is taking to ensure that all British Overseas Territories have implemented publicly accessible registers for beneficial ownership before the end of the year.
Answered by Stephen Doughty
Please refer to my Written Ministerial Statements of 3 July and 22 July which provide an update on progress achieved to date and details of next steps. We have clearly conveyed to our partners in the remaining Overseas Territories the urgency of meeting previously agreed deadlines and expect prompt action. To assist in this effort, we have offered technical support. The registers should offer streamlined access to a broad range of legitimate users, supporting proactive investigations, deterring the concealment of illicit gains, and promoting maximum transparency.
Baroness Hodge will visit BVI at my request shortly to examine these issues directly with the Premier and his Government there, and I regularly raise our clear expectations in discussions with OT leaders, and will continue to do so.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →