TI UK’s Unlocking Ownership Data report provides guidance for UK offshore jurisdictions to enhance BO transparency through clear definitions, accessible registers, and compliance with global standards

The report outlines guidelines for defining beneficial ownership, establishing transparent reporting requirements, and ensuring accessible public registers, including Legitimate Interest Access Registers of Beneficial Ownership (LIARBOs). It emphasizes the need for clear legal definitions, timely reporting, and safeguards to balance transparency with privacy rights. The guidance aims to support the UK’s Overseas…