Following Guernsey's commitment to establish a central
register of beneficial ownership it has made two formal
declarations relating to the exchange of that information with
other jurisdictions.
Guernsey has committed to an emerging international initiative,
led by the G5 countries, on the automatic exchange of beneficial
ownership information, further reinforcing its place as a leader in
transparency. Guernsey has also signed an Exchange of Notes with
the Government of the United Kingdom in respect of the mutual
sharing of beneficial ownership information.
The G5-led initiative, which will see the development and
implementation of a new international standard for the automatic
exchange of beneficial ownership information, should provide a
global level playing field that has significant potential to help
law enforcement authorities tackle the misuse of corporate and
other structures, including misuse through financial crime, tax
evasion and money laundering.
