Chief Minister Allan Bell says calls to set up a register of beneficial owners of Island companies is a result of pressure from elsewhere – and relevant authorities can already be given the information.
At the end of last week, Prime Minister David Cameron wrote to offshore jurisdictions asking them to follow the UK’s lead in setting up such a public information repository.
Mr Bell says it’s something that’s been on the minds of the G8 group of nations since last year.
He says our systems already name beneficial owners to law enforcement agencies:
Clip 1
Redundancies at Hospice as charity faces 'increasing' financial difficulties
Manx Care: "We're working with Hospice to understand impact on services"
Peel Town Commissioners stands by claim that no vote took place over beach stage
Anger in Bride over proposed civic amenity site charges
New sanctions hoped to help disrupt major global criminal network