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Hypocrisy? UK allows certain companies to not disclose beneficial owners
LONDON, United Kingdom (UK)- While trying to force Overseas Territories in the Caribbean to impose Public Registers of Beneficial Ownership, which could potentially cripple financial services, the United Kingdom (UK) has been allowing certain companies registered in its jurisdiction to not disclose its beneficial owners.
UK Lords voted against public register; Small victory for VI’s offshore sector
PARLIAMENT SQUARE, London, UK- The United Kingdom (UK) upper chambers, the House of Lords, voted down a proposal on January 24, 2018 for the Virgin Islands (VI) and other Overseas Territories (OTs) to implement a public register that would reveal the names of beneficial owners of financial offshore companies registered in the Territory.
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