UK to Amend Key Legislation on Money Laundering

The British Parliament have adopted amendments to the bill introduced by the government on sanctions and measures to combat money laundering.

The main purpose of the amendments is to make commercial activities as transparent as possible. The amendments also introduce the obligation of the British Overseas Territories to disclose the names of the offshore accounts' owners.

The adopted amendments reduce the level of confidentiality of information regarding companies registered in the British Overseas Territories and lead to even greater transparency of such structures.

+357 25 02 50 34
+65 315 91 676
+7 812 458 46 22