IOM Today on 15th June reported that Dame Margaret Hodge and Andrew Mitchell are to visit the Isle of Man to press the case for the Manx government to create a public register of beneficial ownership. Currently, the island’s central register of the real owners of companies is accessible only to law enforcement and tax officials. An amendment to the UK’s Sanctions and Anti-Money Laundering Bill to force the Crown Dependencies (including the Isle of Man) to create a public register was withdrawn (although one imposing the requirement on British Overseas Territories did proceed).
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