Government says it will support amendment to introduce public ownership registers in Britain’s overseas territories
Britain’s overseas territories will be forced to adopt public registers of company ownership at the end of the decade after the government conceded it would have to support a backbench amendment designed to stem the global flow of “dirty money”.
Sir Alan Duncan, a Foreign Office minister, told the Commons that ministers recognised “the majority view in this house” and would not oppose an amendment to the sanctions and anti-money laundering bill from Labour’s Margaret Hodge and the Conservative MP Andrew Mitchell.
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