Steff Aquarone

Steff Aquarone

Liberal Democrat — North Norfolk

Speaking in the House of Commons on 5 November 2025

Debate

Financial Transparency: Overseas Territories

Contribution

Does my hon. Friend agree that the documentation often exists to prove ultimate beneficial ownership, where it suits the individuals concerned? In some cases, we have a perverse situation where respectable UK financial institutions obtain that information in confidence when carrying out their required “know your customer” due diligence, without any obligation to pass on the details to UK tax authorities.

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