COMPANY directors and investors could be at risk of kidnap and blackmail if Jersey’s beneficial ownership register is made public, according to Jersey Finance. The warning follows fresh calls from a long-serving UK politician for the list of who owns what to be opened up to everyone. Speaking to this newspaper, Dame Margaret Hodge MP […]

Earlier this week, the Dutch Finance Minister, Mr Dijsselbloem, announced that the government would make the upcoming register of beneficial ownership, the so-called UBO-register, open to the public. This is in line with what the majority of parliament voted for in March 2014, and means the Netherlands will join a growing list of countries that have […]

The UK has become one of the first major economies to place strict rules on the disclosure of beneficial ownership following the passing of the Small Business, Enterprise and Employment Act 2015 at the end of March. The act makes it a legal requirement for companies to maintain a public register of anybody who has […]

From January 2016, Companies will be required to keep a Register of Persons with Significant Control (PSC) and from April 2016, this will need to be filed with the Registrar of Companies. This register has been introduced to increase transparency of ownership within companies. There may well be changes in he definition of who is […]

Following a commitment made at this summer’s G8 summit, the UK Prime Minister David Cameron recently announced plans to create a public register of the beneficial owners of UK companies. It is hoped that by promoting transparency, the proposal will help prevent money laundering and tax evasion. Who will it affect? Companies will have to […]