UK Finance response to Joint Committee on the Draft Registration of Overseas Entities Bill

UK Finance support the aims of the Bill as part of wider reforms to the UK's regime for company registration and beneficial ownership transparency, as a critical part of the legal and institutional framework guarding against economic crime.

We want the UK to be the safest and most transparent place in the world to do business and for our customers. Doing this cannot be delivered by either the public or private sector on their own, especially in a globally significant financial centre such as the UK. Public-private partnerships on anti-money laundering (AML), fraud and cyber security have proven the value of collaboration.