UK Advances on Company Ownership Transparency


Madrid, 1 April 2015 – Transparency campaigners Access Info Europe have welcomed the passage by the British parliament on Friday 27 March 2015 of a law by which the UK becomes the first country in the world with legislation guaranteeing collection and publication of information about the real beneficial owners of companies. The Small Business, Enterprise and Employment Act 2015 aims to crack down on the abuse of “shell” companies by requiring that all company directors be real people as opposed to corporations (which some exceptions). There will also be a register of individuals who exercise significant control over a