UK Sanctions & AML Bill to include public ownership register for overseas territories

The Government today announced that it would support an amendment to the UK Sanctions & Anti-Money Laundering Bill requiring 14 overseas territories, including the British Virgin Islands and Cayman Islands, to introduce public ownership registers by the end of 2000 or have them imposed. The amendment was tabled by MPs Margaret Hodge and Andrew Mitchell. Margaret Hodge said that “without...