Abstract
Subject UK financial transparency. Significance The UK government has withdrawn a bill that would have required the crown dependencies to enhance company ownership transparency. Its part of an apparent reluctance of the current government, despite domestic political pressure, to force the authorities in UK crown dependencies and overseas territories (OTs) to enhance their financial transparency policies following evidence of money laundering and tax evasion. Impacts Trade and services in the crown dependencies will not be directly affected by Brexit. Crown dependencies risk EU sanctions if they do not strengthen their financial transparency regulations. London may compromise the interests of the UK territories in order to gain concessions from the EU in phase two of the Brexit negotiations.
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