Crown Dependencies Commit To Increase Access To Company Beneficial Ownership Data

13 December 2023, the UK Crown Dependencies – Guernsey, the Isle of Man and Jersey – 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 each of the Crown Dependencies currently 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 the Crown Dependencies (collectively described as 'obliged entities') who are required to conduct customer due diligence.