Island havens accused of ‘defying the will of parliament’ after failing to initiate corporate transparency measures
The UK is edging towards a constitutional showdown with some of its overseas territories after offshore financial havens missed a final deadline to introduce corporate transparency measures aimed at cracking down on “dirty money”.
Five overseas territories (OTs) including the British Virgin Islands and Bermuda had pledged to introduce registers of company ownership, accessible to those with a “legitimate interest”, by June this year.