Yesterday Mike asked the Government about the outcomes of their anti-corruption summit held in May.
Mike Gapes (Ilford South): Whether the agreements reached at the anti-corruption summit in May 2016 will be applied to other countries.
The Minister for the Cabinet Office and Paymaster General (Matthew Hancock): This Government and this Prime Minister have taken a global lead on tackling the scourge of corruption. Each delegation at the anti-corruption summit signed up to the commitments set out in the communiqué. In addition, 42 countries and eight international organisations issued statements setting out further measures that they will take.
Mike Gapes: In April 2014, the Prime Minister said:
“I believe that beneficial ownership and public access to a central register is key to improving the transparency of company ownership and vital to meeting the urgent challenges of illicit finance and tax evasion.”
Will the Minister explain why the Government are no longer calling for public registers of beneficial ownership in the British overseas territories?
Matthew Hancock: We are calling for them. The Prime Minister was absolutely right then, and we are delivering on that now. Later this month we will publish the beneficial ownership register for the UK. All the overseas territories have signed up to beneficial ownership registers, and we urge them to make them public.