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With Beneficial Ownership, Britain’s Offshore Jurisdictions Drag Their Feet

Koos Couvée
London Bureau Chief

Six years after the House of Commons passed legislation to compel the British Virgin Islands, Bermuda and Britain's other overseas territories to launch beneficial ownership registers and make them available to the public, only one—Gibraltar—has fully complied, research shows. They and the three U.K. Crown Dependencies—Jersey, Guernsey and the Isle of Man—more recently failed to honor the pledges their pledges to expand access to their registers by the end of last year, Tax Justice U.K. and the U.K. Anti-Corruption Coalition concluded in a report Monday. The 19-page report acknowledges that Anguilla, the Cayman Islands, Turks and Caicos and other jurisdictions...

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