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Lawmakers to Vote on Targeting ‘Dirty Money’ in U.K. Tax Havens

U.K. Government Cabinet Ministers Attend Their Weekly Meeting
Photographer: Luke MacGregor/Bloomberg
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U.K. lawmakers backed a change to legislation on Tuesday that would force the government to push offshore tax havens to boost transparency in a bid to tackle money laundering.

Facing defeat, Prime Minister Theresa May’s government said it wouldn’t vote against a cross-party amendment to the Sanctions and Anti-Money Laundering Bill, which aims to ensure the U.K.’s overseas territories -- including the British Virgin Islands and Cayman Islands -- publish open registers of company ownership by Dec. 31, 2020.