The UK has a history of strong support for coordinated international action to promote beneficial ownership transparency. The UK was the first G20 country to establish its own public register of company beneficial ownership and has committed to creating a new beneficial ownership register for overseas companies.
At EU level, the UK went beyond the requirements of the fourth anti-money laundering directive in establishing a public register and supported the inclusion in the fifth anti-money laundering directive of a provision that will require all EU member states to have legislation in place to support publicly accessible registers by the end of 2019.
Continued on PDF...
|New Clause 6 of the Sanctions and Anti-Money Laundering Bill.pdf||195.83 KB|