Register of the beneficiaries of offshore companies

By the end of 2020, 14 British offshore territories, including British Virgin Islands and the Cayman Islands, will have to publish information about individuals with significant control of all companies registered there. Supporters of this move, Dame Margaret Hodge and Andrew Mitchell, believe that this will help with the investigation of cases of money laundering, corruption and tax evasion. Parliament discussed the proposal to introduce such a register  back in 2014, but representatives of offshore territories managed to defend their rights to non-disclosure of information. At the moment, four offshore countries have a register of beneficiaries of companies, but they can disclose this information only at the request of law enforcement agencies of Great Britain.