News & Analysis as of

United Kingdom Transparency Beneficial Owner

Walkers

Beneficial ownership registers: Jersey’s latest consultation paper on access to information

Walkers on

Jersey: Consultation paper on access to information - On 26 April 2024, the States of Jersey published its latest consultation paper on "Access to information on Jersey's Central Register of Companies and legal persons"....more

Conyers

Unveiling Tax Realities: Debunking Myths about the British Virgin Islands

Conyers on

In this review of taxation and the British Virgin Islands, Conyers Corporate Counsel Nicholas Kuria discusses some of the most commonly misunderstood notions relating to the use of offshore jurisdictions, with a focus on the...more

K2 Integrity

The Challenge of Transparency in Preventing Financial Crime: Navigating Financial Integrity in a Changing Risk Landscape

K2 Integrity on

The landscape of financial crimes is constantly evolving, and the concept of transparency is being fundamentally challenged. A dynamic, innovative approach is imperative to preserve and shape the future of financial...more

Conyers

The Future of Beneficial Ownership in Bermuda – Transparency v Privacy

Conyers on

Transparency or privacy – which of these priorities prevails? A ruling on 22 November 2022 by the Court of Justice of the European Union (CJEU) might mean privacy prevails when it comes to the question of whether or not a...more

A&O Shearman

The Register of Overseas Entities – what the real estate industry needs to know

A&O Shearman on

The Economic Crime (Transparency and Enforcement) Act 2022 (the Act) requires overseas entities that own, or wish to acquire, certain real estate in the UK (a Qualifying Estate) to register with Companies House and to provide...more

Walkers

Guernsey Guide: legal, regulatory, transparency and supervisory framework

Walkers on

This briefing explains Guernsey’s adoption of rigorous international tax and regulatory standards, which, in conjunction with its local tax law, make it an ideal location for investment funds and other investment vehicles....more

Proskauer Rose LLP

UK Corporate Transparency - Sweeping Changes on the Horizon

Proskauer Rose LLP on

In February 2022, the UK Government published the Corporate Transparency and Register Reform White Paper (the “White Paper”), which set out its plans to reform Companies House and increase the transparency of UK corporate...more

Hogan Lovells

Second UK Economic Crime Bill

Hogan Lovells on

When the UK government pushed the Economic Crime (Transparency and Enforcement) Act through Parliament at breakneck speed earlier this year, it always made clear that it had plans for a second, complimentary piece of...more

Dechert LLP

Economic Crime (Transparency and Enforcement) Act 2022 (the "Act") – Answering Your Questions

Dechert LLP on

This note summarizes those provisions of the Act applicable to England and Wales that deal with the new register of overseas entities ("ROE") that has been established at Companies House in the UK. It seeks to identify and,...more

White & Case LLP

Economic Crime Act – update for overseas entities with interests in UK real estate

White & Case LLP on

The Economic Crime (Transparency and Enforcement) Act 2022 (the "ECTEA") has been introduced as part of the government’s strategy against overseas criminals who launder money through UK real estate...more

K&L Gates LLP

Real Estate Implications of the Economic Crime (Transparency and Enforcement Act) 2022

K&L Gates LLP on

Summary We have previously informed you about the new Economic Crime (Transparency and Enforcement) Act 2022 (ECTEA). During the summer (12 July 2022), the government announced that the new Register of Overseas Entities...more

McDermott Will & Emery

Act Now to Comply with the UK Register of Overseas Entities

The Economic Crime (Transparency and Enforcement) Act 2022 (the Act), enacted in March 2022, introduced a Register of Overseas Entities. Under this legislation, overseas entities which own certain interests in United Kingdom...more

BCLP

Economic Crime (Transparency and Enforcement) Act 2022 - Obligation to Register at Companies House from 1 August 2022

BCLP on

The Government has now announced that it intends to launch the Register of Overseas Entities at Companies House (“ROE”) on 1 August 2022. We await formal confirmation (in the form of a commencement order) but we anticipate...more

Hogan Lovells

Ready, Steady, Register: New UK beneficial ownership register

Hogan Lovells on

The Economic Crime Act, which received Royal Assent on 15 March 2022, will require overseas entities that are owners or leaseholders of land in the UK to register at Companies House and provide information about their...more

K&L Gates LLP

Real Estate Ownership and the Implications of the Economic Crime (Transparency and Enforcement) Act

K&L Gates LLP on

The invasion of Ukraine by Russia has pushed forward a wider government agenda to encourage transparency in relation to how overseas entities own UK real estate. We first reported many years ago on the details of the...more

Cohen & Gresser LLP

The Economic Crime Act: What will Change for Managers of Offshore Structures

Cohen & Gresser LLP on

In the early hours of 15 March 2022, the Economic Crime (Transparency and Enforcement) Act (the “Act”) came into force. The rapid passage of the Act through the UK Parliament, after years of delays, came in response to...more

BCLP

Economic Crime (Transparency and Enforcement) Act 2022 ushers in the new overseas entities register with some late amendments of...

BCLP on

The draft Economic Crime (Transparency and Enforcement) Bill, published on 28 February 2022 and following an expedited passage through Parliament, received Royal Asset on 15 March 2022 to become the Act. Some of the...more

Hogan Lovells

UK Government proposes Companies House reform and greater transparency of corporate entities

Hogan Lovells on

On 28 February 2022, the Government published its final position on Companies House reforms ahead of introducing legislation that will change the Registrar’s statutory role from being a largely passive recipient of...more

K&L Gates LLP

Foreign Ownership of UK Real Estate Under Scrutiny

K&L Gates LLP on

The UK Government has recently introduced the Economic Crime (Transparency and Enforcement) Bill 2022 (the Bill). Amongst other objectives, the Bill proposes the setting up of a register of overseas entities and their...more

BCLP

Government expedites legislation on a register of overseas entities that own UK property in its Economic Crime (Transparency and...

BCLP on

As part of its response to the Russian invasion of Ukraine, HM Government intends to fast-track the long-awaited Economic Crime (Transparency and Enforcement) Bill. The Bill requires overseas entities to register with, and...more

Jones Day

UK Draft Bill Addresses Criminal Money Laundering Through Overseas Entities

Jones Day on

The Situation: The purchase of property in the United Kingdom has, for various reasons, become an attractive mechanism by which to launder criminal proceeds through overseas entities. The Solution: A draft bill is...more

Hogan Lovells

Update: public register of beneficial ownership of UK property by overseas entities

Hogan Lovells on

The government has published its response to the April 2017 call for evidence on proposals for a register showing who owns and controls overseas entities that own UK property or participate in UK government procurement. ...more

WilmerHale

UK House of Lords rejects public beneficial ownership registers for British Overseas Territories

WilmerHale on

On 17 January 2018, the House of Lords voted against an amendment to the proposed Sanctions and Anti-Money Laundering Bill that sought to create a publicly accessible register of the beneficial ownership of companies...more

Morrison & Foerster LLP

Recent Changes to the Beneficial Ownership Register Regime in the UK

Important reforms designed to increase the transparency of the ownership and control of UK companies and English law LLPs were introduced in the UK on 6 April 2016. Among the most significant of these was a requirement for UK...more

K&L Gates LLP

The UK Government Proposes Innovative Transparency Requirements for Overseas Owners and Buyers of UK Property

K&L Gates LLP on

On 5 April 2017, the then UK government published a Call for Evidence seeking views on the design of an innovative public register intended to show beneficial ownership of overseas legal entities ("overseas entities") that...more

31 Results
 / 
View per page
Page: of 2

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide