Asked by: Steff Aquarone (Liberal Democrat - North Norfolk)
Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what progress his Department has made on ensuring publicly accessible registers of beneficial ownership in all overseas territories.
Answered by Stephen Doughty - Minister of State (Foreign, Commonwealth and Development Office)
At the Joint Ministerial Council (JMC) in November 2024, all Overseas Territories committed to implementing registers with the maximum possible degree of access and transparency. The Falkland Islands and Saint Helena committed to join Montserrat and Gibraltar in implementing fully public registers by April 2025. The British Virgin Islands (BVI), Cayman, Bermuda, Anguilla and Turks & Caicos Islands agreed to implement registers of beneficial ownership, accessible to those with a legitimate interest, by June 2025.
UK Officials are working proactively with Overseas Territories officials to ensure their proposals meet the agreements made at the JMC. I have and will continue to raise this directly with elected leaders, including in my meeting with Premier Wheatley of BVI, in his own capacity, and as President of the United Kingdom Overseas Territories Association (UKOTA) last week.
Asked by: Andrew Rosindell (Conservative - Romford)
Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps his Department is taking to help support British Overseas Territories to improve their disaster (a) preparedness and (b) response capabilities in the context of trends in the number of natural disasters.
Answered by Stephen Doughty - Minister of State (Foreign, Commonwealth and Development Office)
The UK continues to support UK Overseas Territories to develop preparedness, capability, and capacity to respond to disasters effectively.
This Financial Year, the Foreign, Commonwealth and Development Office (FCDO) has funded crisis leadership and technical skills training for disaster management stakeholders across the Overseas Territories. The FCDO has also supported efforts to improve emergency shelter capacity and standards, grow emergency communications resilience, and understand future threats linked to climate change.
I visited the emergency response centre in Anguilla on my recent visit and have regularly discussed these issues with Overseas Territories leaders, representatives, and Governors, including at the Joint Ministerial Council.
Asked by: Martin Wrigley (Liberal Democrat - Newton Abbot)
Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if he will make it his policy to publish a deadline for the implementation public registers of beneficial ownership in the Overseas Territories.
Answered by Stephen Doughty - Minister of State (Foreign, Commonwealth and Development Office)
At the Joint Ministerial Council (JMC) in November 2024, the Falkland Islands and St Helena committed to join Montserrat and Gibraltar in implementing fully public registers by April 2025.
Other OTs, including the British Virgin Islands, Cayman, Bermuda, Anguilla and Turks & Caicos Islands, agreed to implement registers of beneficial ownership, accessible to those with a legitimate interest, by June 2025. The details of this commitment are set out in the JMC communique published on gov.uk. We are working with OT Governments to ensure proposals for the registers meet the requirements agreed at the Joint Ministerial Council.
Our expectation is that all OTs will ultimately implement registers that are fully accessible to the public.
Asked by: Kate Osborne (Labour - Jarrow and Gateshead East)
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.
Answered by Stephen Doughty - Minister of State (Foreign, Commonwealth and Development Office)
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.
Asked by: Andrew Rosindell (Conservative - Romford)
Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Housing, Communities and Local Government, what steps she is taking to help improve mutual twinning arrangements between local authorities and the British Overseas Territories.
Answered by Jim McMahon - Minister of State (Housing, Communities and Local Government)
With the support of funding from the UK Government, Hampshire County Council is twinned with Anguilla and St Helena, Ascension and Tristan da Cunha, and Suffolk County Council is twinned with Montserrat. These partnerships are focused on learning and support in children and adults social care and education.
Links between local authorities in the United Kingdom and with British Overseas Territories are principally a matter for those authorities themselves. However, the Government recognises that such links, as well as those between local authorities in the United Kingdom and abroad more generally can be beneficial to those authorities, bringing with them learning and best practice from all over the world as well as creating and deepening ties between people and communities. The Government is therefore supportive of more and better such links.
Asked by: Kate Osborne (Labour - Jarrow and Gateshead East)
Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps he plans to take to ensure that Overseas Territories adopt open and public registers of beneficial ownership.
Answered by Stephen Doughty - Minister of State (Foreign, Commonwealth and Development Office)
Work is ongoing to improve beneficial ownership transparency in the Overseas Territories. 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. It remains our expectation that the Overseas Territories and Crown Dependencies will ultimately implement fully public registers.
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 the agreement made at JMC. 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.
Asked by: Christine Jardine (Liberal Democrat - Edinburgh West)
Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, with reference to the meeting of the UK and Overseas Territories Joint Ministerial Council between 19 and 21 November 2024, what progress has been made on the implementation of public registers of beneficial ownership in the Overseas Territories.
Answered by Stephen Doughty - Minister of State (Foreign, Commonwealth and Development Office)
Work is ongoing to improve beneficial ownership transparency in the Overseas Territories. 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 (BVI), 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. It remains our expectation that the Overseas Territories and Crown Dependencies will ultimately implement fully public registers.
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 the agreement made at JMC. I have and will continue to raise this directly with elected leaders across the Overseas Territories. I have recently spoken with the Premiers of BVI and Bermuda on this issue.
Asked by: Steff Aquarone (Liberal Democrat - North Norfolk)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate she has made of the amount of tax income which could be generated by new registers of beneficial ownership in overseas territories and crown dependencies.
Answered by James Murray - Exchequer Secretary (HM Treasury)
We are clear on the benefits of beneficial ownership registers, which not only include tackling illicit finance and corruption, but also fighting tax and sanctions evasion.
At the Overseas Territories 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. It remains our expectation that the Overseas Territories and Crown Dependencies will ultimately implement fully public registers.
The Crown Dependencies have committed to increasing the transparency of their beneficial ownership registers and are working towards implementing access to those with legitimate interest, in line with the EU's 6th Anti-Money Laundering Directive.
HMRC draws on a variety of data sources to tackle offshore non-compliance, including exchange of information under double taxation agreements and Tax Information Exchange Agreements.
Asked by: Nadia Whittome (Labour - Nottingham East)
Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps his Department is taking to ensure that Overseas Territories' registers of beneficial ownership accessible only to those with a legitimate interest (a) support transparency and (b) tackle illicit financial transactions.
Answered by Stephen Doughty - Minister of State (Foreign, Commonwealth and Development Office)
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. Other OTs, including the British Virgin Islands, Cayman, Bermuda, Anguilla and Turks & Caicos Islands agreed to implement registers of beneficial ownership, accessible to those with a legitimate interest, by June 2025. Effective implementation will be an important step to improved financial transparency and part of our shared efforts to tackle illicit finance.
These Territories agreed that their registers would offer the maximum possible degree of access and transparency whilst containing the necessary safeguards to protect the right to privacy in line with respective constitutions. UK officials have since set out further clarifications on our requirements, ensuring access conditions do not unduly deter effective proactive investigations and analysis. UK officials are actively engaging with OT officials to ensure that they are met. I will also continue to raise this issue directly with elected leaders.
It remains our expectation that all OTs will ultimately implement registers that are fully accessible to the public.
Asked by: Scott Arthur (Labour - Edinburgh South West)
Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what recent discussions he has had with his counterparts in (a) the British Virgin Islands and (b) the Cayman Islands on the introduction of public registers of beneficial ownership.
Answered by Stephen Doughty - Minister of State (Foreign, Commonwealth and Development Office)
At the Overseas Territories Joint Ministerial Council (JMC) in November 2024, the Falkland Islands and Saint Helena committed to implement fully public registers by April 2025. The British Virgin Islands (BVI), 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. It remains our expectation that the Overseas Territories and Crown Dependencies will ultimately implement fully public registers as those that are already in place in Gibraltar and Montserrat.
I discussed progress on beneficial ownership transparency with Premier Wheatley (BVI) last month. A Foreign, Commonwealth and Development Office (FCDO) senior official visited BVI earlier this month and met with government and the finance industry. Every Territory is making progress towards the JMC commitments and FCDO officials are in regular contact with counterparts in the Overseas Territories on their proposals for registers to ensure they meet the agreement made at the JMC. I have and will continue to raise this directly with elected leaders across the Overseas Territories.
The Government is keeping this under close review and will carefully consider what further steps to take if the registers are not delivered as per JMC agreements.