Paul Monaghan – 2015 Parliamentary Question to the Foreign and Commonwealth Office

The below Parliamentary question was asked by Paul Monaghan on 2015-11-03.

To ask the Secretary of State for Foreign and Commonwealth Affairs, if he will ensure that any agreement on a central registry of beneficial ownership in the British Virgin Islands will include access for the public with legitimate reason, in line with the Fourth EU Anti Money Laundering Directive.

Mr Hugo Swire

I refer the Honourable Gentleman to the answer the Financial Secretary to the Treasury, my hon. Friend, the Member for South West Hertfordshire (David Gauke MP), gave on 16 October 2015 (PQ10437, PQ10438 and PQ10448), which sets out the criteria we expect the Overseas Territories to meet in relation to their central register of company beneficial ownership, or similarly effective system.