Tulip Siddiq – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Tulip Siddiq on 2016-05-04.

To ask Mr Chancellor of the Exchequer, which developing countries will be able to access data on the beneficial ownership of companies incorporated in (a) other EU countries and (b) British Overseas Territories.

Mr David Gauke

Countries can request company beneficial ownership information from foreign jurisdictions through Mutual Legal Assistance and other information sharing arrangements such as the Egmont Group of Financial Intelligence Units. Furthermore, more than 30 countries have now joined the initiative to automatically share beneficial ownership information among participants. The statement setting out which countries have so far joined the initiative can be found here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/520459/statement_on_the_initiative_for_exchange_of_beneficial_ownership_information.pdf.