UK Sanctions & AML Bill to include public ownership register for overseas territories

Parliament8.jpgThe Government today announced that it would support an amendment to the UK Sanctions & Anti-Money Laundering Bill requiring 14 overseas territories, including the British Virgin Islands and Cayman Islands, to introduce public ownership registers by the end of 2000 or have them imposed. The amendment was tabled by MPs Margaret Hodge and Andrew Mitchell. Margaret Hodge said that “without public registers, the overseas territories are a haven for crooks, kleptocrats and corrupt individuals who engage in financial skulduggery”.

This entry was posted in United Kingdom by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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