BRITISH CROWN DEPENDENCIES MULL HEWING CLOSELY TO EU BENEFICIAL OWNERSHIP RULES, EVEN POST-BREXIT
July 2nd, 2020
BRITAIN’S three Crown Dependencies, the Isle of Man, Jersey and Guernsey, are preparing to draft legislation to ensure their respective beneficial ownership registers are open to the public. But this access is not happening any time soon – with their governments saying they will not act before 2022. In a joint statement made when the UK was still a member of the European Union (EU) last June – 2019, the three dependencies said they would wait until the European Commission published an implementation review of the EU’s fifth anti-money laundering directive ...
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