British Overseas Territories: Companies

(asked on 23rd January 2019) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign and Commonwealth Affairs, what reasonable assistance his Department plans to give to the Overseas Territories to support the implementation of public registers of beneficial ownership in accordance with section 51 of the 2018 Sanctions and Anti-Money Laundering Act.


Answered by
Alan Duncan Portrait
Alan Duncan
This question was answered on 28th January 2019

The FCO is working in conjunction with several other Government Departments and Overseas Territories (OTs) to determine what assistance would be most useful.

As you are aware, the Minister of State Lord Ahmad of Wimbledon announced at the Overseas Territories Joint Ministerial Council that OT-UK technical workshops would be provided from spring 2019 to provide support.

The Government will also consider what financial support it will provide for territories which are eligible for Official Development Assistance.

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