Crown Dependencies Drag Feet with Public BO Register Implementation

By in

Jersey, Guernsey and the Isle of Man have announced that they are joining forces to arrange for the establishment of open registers for company beneficial ownership that will be accessible to the public. The implementation however will not be ready to be presented until the European Union has completed its assessment of the EU Fifth Anti-Money Laundering Directive on the jurisdictions.

Publication of said evaluation is only scheduled for January 2022. Trusts will not fall under the requirement.