Financial industry welcomes public registers move by Guernsey but Westminster wants more

Key players in Guernsey's financial sector have welcomed Guernsey's move towards a public register of beneficial ownership but some lawmakers in London have said that it is not enough. Jersey, Guernsey and the Isle of Man have recently announced they will voluntarily adopt public registers of the true owners of offshore companies incorporated in their jurisdictions. The islands' registers of beneficial ownership of companies will be first connected to those within the EU for access by law enforcement authorities, then opened up to financial service businesses that require access for c...