Why the UK is Only on the OECD’s List of ‘Mostly- Compliant’ Jurisdictions

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The OECD’s latest publication regarding jurisdictions various compliance evaluations classify the following countries as only “mostly” compliant:

The UK.
Austria.
Aruba.
Brazil.
Saint Kitts & Nevis.
While Singapore and Bahrain meet the “compliant” standard. Even though the UK was one of the first countries to introduce a national beneficial ownership register; the organisation’s peer commentators thought that it still needs to fortify its supervision and requirement measures to guarantee that data recorded is sufficient, precise and kept up-to-date with the latest information.