Companies: Channel Islands

Treasury written question – answered on 26th June 2018.

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Photo of Kelvin Hopkins Kelvin Hopkins Independent, Luton North

To ask Mr Chancellor of the Exchequer, whether he has met representatives of the Channel Islands to discuss the potential publication of their registers of the beneficial ownership of companies.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

Treasury Ministers and officials regularly meet with representatives of the Crown Dependencies and the Overseas Territories, and of overseas jurisdictions, to discuss issues of mutual importance.

The Government will use its best endeavours, diplomatically and with international partners, including through multilateral fora such as the G20, FATF and the OECD, to promote public registers of company beneficial ownership as the global standard by 2023. We would expect the Crown Dependencies to also adopt public registers in that event, and they have committed to doing so.

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