Hashtag: #BeneficialOwnershipRegister

Minister: Public Register Of Beneficial Ownership

Minister: Public Register Of Beneficial Ownership

Speaking in the House of Assembly today [July 17], Minister of Finance Curtis Dickinson provided a “progress report regarding matters related to public access to beneficial ownership information for companies.” The Minister said, “”Presently, there are no global standards that require public registers of beneficial ownership... Read more of this article

UK Government “Welcome” Registers In OTs

UK Government “Welcome” Registers In OTs

The British Foreign Secretary Dominic Raab said he welcomes the commitments from eight UK Overseas Territories — including Bermuda — to introduce publicly accessible beneficial ownership registers. The Bermuda Government recently announced “its intention to make the companies central register of beneficial ownership information accessible... Read more of this article

Ownership Register Will Be Accessible To Public

Ownership Register Will Be Accessible To Public

The Government has today “announced its intention to make the companies central register of beneficial ownership information accessible to the public.” “The Government of Bermuda acknowledges that the provision of appropriate, current, and verified beneficial ownership information is important to combat money laundering, counter the... Read more of this article

Cayman Islands To Introduce Public Register

Cayman Islands To Introduce Public Register

The Cayman Islands has announced its intention to introduce a public register of beneficial ownership. A statement from the Cayman Government said, “The Government of the Cayman Islands has today announced its intention to introduce a public register of beneficial ownership, in line with evolving standards and international obligations such as... Read more of this article

UK MPs Discuss OT Public Register Law Again

UK MPs Discuss OT Public Register Law Again

British MPs continue to discuss the plans to enforce legislation passed in British Parliament to order Overseas Territories  to make their beneficial ownership registers public, with the latest discussion occurring on January 28th. Over the past few months there appears to have been a substantial increase in discussions about the Overseas Territories... Read more of this article

UK MP Brings Up ‘Sanction Of Direct Rule’ Again

UK MP Brings Up ‘Sanction Of Direct Rule’ Again

British Liberal Democrats leader Sir Vince Cable has again brought up the concept of instituting direct rule over the British Overseas Territories, asking the Minister whether he agrees that if the Territories “will not reform we should resort to the sanction of direct rule.” This is not the first time the British politician has mentioned... Read more of this article

British MPs Complain About Registers ‘Delays’

British MPs Complain About Registers ‘Delays’

British MPs have complained about ‘delays’ in the UK’s plans to force Overseas Territories — including Bermuda — to make their beneficial registers public, according to a report from The Guardian. Last year, the British Parliament invoked their power to pass legislation which seeks to allow them to order the Overseas Territories... Read more of this article

Cayman Islands Seeking Constitutional Changes

Cayman Islands Seeking Constitutional Changes

The Cayman Islands has presented the UK with proposed constitutional changes and now await the UK’s response, Cayman Premier Alden McLaughlin said, explaining that they seek “safeguards” to confirm that the UK “will not seek to legislate, directly or indirectly for the Cayman Islands without, at a minimum, consultation with... Read more of this article

UK MPs Continue To Discuss OT’s Registers

UK MPs Continue To Discuss OT’s Registers

The topic of enforcing the UK’s legislation for the British Overseas Territories, including Bermuda, to make their beneficial ownership registers public continues to be discussed in British Parliament and Committees.According to the Hansard for Thursday, Baroness Stern asked “what technical assistance will be provided to the British Overseas... Read more of this article

OTs Expected To Have Public Registers By 2023

OTs Expected To Have Public Registers By 2023

The United Kingdom “will prepare draft legislation by the end of 2020, with all Overseas Territories expected to have fully functioning public registers by the end of 2023.” This was stated by Minister of State Sir Alan Duncan in response to a question from Labour MP Dame Margaret Hodge, who was one of the key MPs in bringing forth the amendment... Read more of this article

Column: UK Parliament, Bermuda’s Register Law

Column: UK Parliament, Bermuda’s Register Law

[Opinion column written by OBA MP Scott Pearman] With our Premier in London meeting with the UK Overseas Territories Association, this may be an appropriate moment to reflect on Bermuda’s current relationship with the UK. There are times when Bermuda’s Premier [or Finance Minister] needs to politely disagree with our UK counterparts – to ensure... Read more of this article

Bob Richards On UK & Bermuda Relationship

Bob Richards On UK & Bermuda Relationship

The British Parliament “passed legislation that clearly violates” the Bermuda Constitution, the FCO “continuously succumbs to the stereotyping of the Territories,” and Bermuda has been “early adopters of all the evolving global standards of tax and beneficial ownership information sharing.” These were some of the... Read more of this article

UK Govt To ‘Work Collaboratively’ With Territories

UK Govt To ‘Work Collaboratively’ With Territories

The British Government has “assured the Overseas Territories of our commitment to working collaboratively with them on the introduction” of public registers, Minister of State Alan Duncan told the British Parliament. The Minister was responding to a question from Labour MP Margaret Hodge, who was one of the MPs who brought forward the amendment... Read more of this article