Written question asked by Baroness Stern (Crossbench) on Monday, 20 June 2022, in the House of Lords. It was due for an answer on Monday, 4 July 2022. It was answered by Lord Ahmad of Wimbledon (Conservative) on Tuesday, 5 July 2022 on behalf of the Foreign, Commonwealth and Development Office.

British Overseas Territories and Crown Dependencies: Sanctions

Question: To ask Her Majesty's Government whether the British Overseas Territories and Crown Dependencies proactively share information with UK authorities relating to entities registered in these jurisdictions that are suspected to be connected to sanctioned individuals.

Answer: The Government is proud of the principled stand that the Overseas Territories and the Crown Dependencies have taken in relation to implementing sanctions. UK sanctions apply in all Overseas Territories and Crown Dependencies. The elected leaders of the Territories have publicly confirmed their commitment to continuing to uphold the highest international standards of transparency and accountability. The Overseas Territories and the Crown Dependencies cooperate with the UK on taxation, fighting financial crime and sanctions enforcement. They continue to share valuable information on company beneficial ownership with UK law authorities, under the Exchange of Notes process.

Secondary information