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U.K.’s Overseas Territories to Introduce Ownership Registries

The U.K. will make its overseas territories introduce public registers of company owners by 2023, a move that could shed light on hundreds of thousands of companies in offshore jurisdictions.

The territories, a collection of former colonies that include Gibraltar, the Cayman Islands and the British Virgin Islands, have all agreed to adopt the disclosures, according to a statement Monday by the Foreign, Commonwealth and Development Office. The information on an individual must include their name, country of residence, nationality, month and year of birth and the nature of their control over the company.