Co-operation: beneficial ownership information
The UK negotiated bilateral arrangements on the exchange of beneficial ownership information with British Overseas Territories with a financial centre (OTs) and the Crown Dependencies (CDs) in the run-up to the Anti-Corruption Summit in May 2016. Under the arrangements – agreed in an Exchange of Notes – UK law enforcement authorities will have quick and unrestricted access to beneficial ownership information held in central registers, or similarly effective systems, on corporate and legal entities incorporated in these OTs and CDs. Section 9 provides for a report on the effectiveness of the Exchange of Notes to be published and laid before Parliament, before 1 July 2019. The report will cover the period from 1 July 2017 to 31 December 2018.