House of Commons · Written Ministerial Statement
Implementation of Beneficial Ownership Registers across the Overseas Territories
03 July 2025 · Foreign, Commonwealth and Development Office
Proposed by Stephen Doughty Lab Co-op Cardiff South and Penarth
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- Implementation of beneficial ownership registers across Overseas Territories and Crown Dependencies is part of a broader Illicit Finance Campaign.
- The Minister plans to convene an Illicit Finance Dialogue with elected leaders of the Overseas Territories in late November.
- Baroness Hodge will participate in the Illicit Finance Dialogue.
Issue summary
The statement discusses the implementation of beneficial ownership registers across Overseas Territories and Crown Dependencies as part of a broader Illicit Finance Campaign.
Action requested
The Minister intends to convene an Illicit Finance Dialogue with elected leaders of the Overseas Territories in late November, focusing on reviewing progress and agreeing on further actions regarding beneficial ownership registers. Baroness Hodge will also participate.
Key facts
- The Foreign Secretary launched a comprehensive Illicit Finance Campaign in November.
- All Overseas Territories committed to increasing access to company ownership data at the Joint Ministerial Council in November 2024.
- The Falkland Islands and St Helena pledged to implement fully public registers by April 2025.
- Anguilla, Bermuda, the British Virgin Islands, the Cayman Islands, and the Turks and Caicos Islands committed to implementing registers with legitimate interest access by June 2025.