UK-LINKED OFFSHORE FINANCIAL CENTRES PREPARE TO OPEN BENEFICIAL OWNERSHIP REGISTERS TO THE PUBLIC BY 2023
July 2nd, 2020
SLOWLY, but surely, the UK’s associated offshore financial centres are moving towards opening public beneficial ownership registers, probably by 2023. But much detailed work will be undertaken first, to ensure they work efficiently. Keith Nuthall reports.
The dominos are falling. One by one, UK overseas territories (OT) and crown dependencies (CD) are making ever more detailed commitments to establish public ultimate beneficial ownership (UBO) registers.
They have been under intense pressure to act given continuing concern worldwide that financial ...
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