Companies: Ownership

Department for International Development written question – answered on 22nd December 2017.

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Photo of Rupa Huq Rupa Huq Labour, Ealing Central and Acton

To ask the Secretary of State for International Development, what measures she is taking to promote the adoption of public registers of beneficial ownership in other countries.

Photo of Alistair Burt Alistair Burt Minister of State (Department for International Development) (Jointly with the Foreign and Commonwealth Office), Minister of State (Foreign and Commonwealth Office) (Joint with the Department for International Development)

The Government supports the Open Ownership initiative to establish a global online register of company beneficial ownership and through this supports six countries, including Kenya and Ukraine, to set up their own public registers.

My Department also supports the Extractive Industries Transparency Initiative to work with 14 DFID partner countries to make public the beneficial owners of companies which win oil, gas and mining contracts, by 2020.

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