BRITAIN PUSHES AHEAD WITH BENEFICIAL OWNERSHIP REGISTER PLAN
April 1st, 2014
THE UK government will push ahead with plans to create a compulsory register of beneficial ownership information that will cover private companies, it announced on Monday (April 21). Business secretary Vince Cable said it would form part of a reform package to increase openness in British commerce: “A lack of transparency with respect to those who really own and control companies can allow tax evasion, money laundering and terrorist financing to flourish,” he noted.“We need business, investors and society to have trust in a system which holds accountable ...
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