UK warns overseas entities to register beneficial ownership or face jail 

Mark Battersby
clock • 1 min read

UK's Companies House has written to all overseas entities who already own or lease property or land in the UK and must register beneficial ownership information by 31 January 2023.  The letter includes an undertaking to trustees that information they disclose about beneficiaries, current or past beneficial owners, settlors, grantors and interested persons will be shared only with law enforcement and other public authorities such as HMRC.  The register went live on 1 August 2022, with swinging non-compliance penalties of £2,500 per day of non-compliance or a five-year prison sentence. ...

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