UK Public Beneficial Owner Register Will Be 1st Of Its Kind

By Simon Airey and Joshua Domb (May 18, 2018, 2:29 PM EDT) -- In a step designed to further enhance the U.K.'s reputation as a world leader in combating financial crime, Business Secretary Greg Clark announced earlier this year that a public register containing details of the ultimate beneficial owners of overseas companies that buy or own property in the U.K. will be made available by early 2021. This was followed more recently by the publication of the government's response to a public "call for evidence" in relation to the proposal. The government's response, the response paper, offers further insight into how the government is likely to implement this new register in due course....

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