Guernsey and the United Kingdom agree to exchange beneficial ownership information

On 12 July 2016, officials from Guernsey and the United Kingdom agreed to exchange beneficial ownership information on legal entities incorporated in their respective jurisdictions. In a press release from the Guernsey International Finance Center (Link), Guernsey has stated its commitment to automatic exchange of beneficial ownership information by signing an Exchange of Notes with the Government of the United Kingdom in respect of the mutual sharing of beneficial ownership information (Link).  The “Note” contains the criteria to be requested of beneficial owners as well as other details.

Leave a reply

Your email address will not be published. Required fields are marked *

/* */