Crown Dependencies
Will public registers work without international consensus?
The UK has imposed public company registers on its overseas territories to create transparency and prevent “financial skulduggery”, but an international tax expert says, if people want privacy, they will just move to jurisdictions that still offers it.
Last-minute lobbying saved crown dependencies from register
It has been revealed that crown dependency representatives flew to London to meet with UK Government officials in a last ditch effort to have an amendment withdrawn that would have imposed public ownership registers on the jurisdictions.
Overseas territories furious at UK’s ‘colonial era’ register
The British Overseas Territories (BOTs) have slammed the UK Government for trying to force public registers of beneficial owners on the jurisdictions, describing it as an act of “constitutional overreach” and an “unacceptable act of modern colonialism”.
UK ‘shatters’ tax secrecy of offshore territories
The tax secrecy practices of Britain’s Overseas Territories have been “shattered” by the UK Government, which in a dramatic turn of events, put its support behind an amendment that will introduce public ownership registers.
UK law change to force transparency on overseas jurisdictions
Cross-party support is mounting in the UK for an anti-money laundering bill which could force the beneficial owners of companies based in the British overseas territories and Crown dependencies to be identified on a public register.