UK Parliament: Q&A On Beneficial Registers
“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,” Minister of State Stephen Doughty said.
During the British Parliament session on September 4th, Labour MP for Crewe and Nantwich Connor Naismith asked the Secretary of State for Foreign, Commonwealth and Development Affairs, “what steps he is taking to ensure the Overseas Territories introduce public registers of beneficial ownership.”
In response, Minister of State Stephen Doughty said, “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.”
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