Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment he has made of the levels of compliance by overseas territories on providing public registers of beneficial ownership.

At the Joint Ministerial Council (JMC) in November 2024, the Falkland Islands and Saint Helena committed to join Montserrat and Gibraltar in implementing fully public registers by April 2025. The British Virgin Islands, Cayman Islands, Bermuda, Anguilla and Turks and Caicos Islands agreed to implement registers of beneficial ownership, accessible to those with a legitimate interest by June 2025, with the necessary safeguards to protect the right to privacy in line with respective constitutions.

Every Territory is making progress towards these commitments and FCDO officials are in regular contact with counterparts in the Overseas Territories on their proposals for registers to ensure they meet JMC agreements. I have and will continue to raise this directly with elected leaders across the Overseas Territories, and have discussed with the leaders of a number of OTs including Bermuda and the British Virgin Islands in recent weeks.