... It’s been announced that @FalklandsGov has committed to introducing a Public Register of Beneficial Ownership in the #FalklandIslands by 2023, in line with a timetable set by the UK Government and with help and support from the UK to overcome “unique challenges”. ...
... Among those challenges must surely be the size of the #Falklands economy and the size and nature of the local company registry plus the legislative framework (a mix of the UK 1948 and 1985 Acts and some local variations) and the limited capacity for updating it. ...
... The #FalklandIslands are not usually seen as being a tax haven or a centre for money laundering ... and I don’t expect to see the Stanley Papers soon.
But ...
But ...
... it’s part of a wider process to ensure transparency throughout the #OverseasTerritories.
It may be more pressing elsewhere now, but, if the #Falklands is to become better connected to the rest of the world economy, it’s probably both inevitable and essential.
It may be more pressing elsewhere now, but, if the #Falklands is to become better connected to the rest of the world economy, it’s probably both inevitable and essential.
@threadreaderapp: Could you unroll this thread? Please and thank you.
