Crown Dependencies Publish Commitment To Increase Accessibility To Company Beneficial Ownership Information

Guernsey, Jersey and the Isle of Man have published a joint commitment to increase transparency and accessibility to information held on their registers of beneficial ownership.

The central registers of company beneficial ownership in the Crown Dependencies already exchange information with international law enforcement entities and tax authorities around the world. In line with the shared global aim of combatting financial crime in all its forms, access to the information will be extended to include:

• financial services business and certain other businesses in our own jurisdictions (collectively described as 'obliged entities') who are required to conduct customer due diligence