The UK’s performance against the Open Ownership Principles
United Kingdom of Great Britain and Northern Ireland
The United Kingdom is one of the world’s leading jurisdictions when it comes to beneficial ownership transparency (BOT). As of November 2020, the Open Ownership (OO) technical team’s rapid assessment of the UK’s performance found that, overall, the UK aligns with the Open Ownership Principles (OO Principles), but that further work is required. In acknowledging the UK’s progress and role as a global leader, OO emphasised the need for the UK to improve data verification processes in order to be fully aligned with the OO Principles.