On April 8, 2016 the Government of the Isle of Man issued a press release announcing that on that same date the Isle of Man Government has committed to enhancing the effectiveness of arrangements for sharing beneficial ownership information with the United Kingdom.
According to the press release the arrangement being finalised will commit to providing Isle of Man and United Kingdom law enforcement agencies with adequate, accurate and current beneficial ownership information on all corporate and legal entities incorporated in their jurisdictions.
The press release concludes by stating that by arising from this commitment the Isle of Man will be establishing and maintaining a central electronic database of beneficial ownership information.
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