‘(1) In Part 1 of the Proceeds of Crime Act 2002 (introductory), after section 2A, insert—
“2AA Duty of Secretary of State: Public registers of beneficial ownership of companies registered in Crown dependencies
(1) It shall be the duty of the Secretary of State, in furtherance of the purposes of—
(a) this Act; and
(b) Part 3 of the Criminal Finances Act 2017
to take the actions set out in this section.
(2) The first action is, no later than
(3) The second action is, no later than
(4) In this section—
“a publicly accessible register of the beneficial ownership of companies” means a register which, in the opinion of the Secretary of State, provides information broadly equivalent to that available in accordance with the provisions of Part 21A of the Companies Act 2006.
“legislative proposals” means either—
(a) a draft Order in Council; or
(b) a Bill presented to either House of Parliament.” —(Dr Huq.)
Brought up, and read the First time.
Question put, That the clause be read a Second time.
The House divided:
Ayes 180, Noes 301.