On 10 September 2020, IOM GVT issued notice on beneficial ownership law.
- The consultation seeks feedback on the Beneficial Ownership (Amendment) Bill 2020.
- Follows IOM FSA September 2020 draft bill to improve accuracy of database.
- The amendments would ensure Isle of Man is compliant with international standards.
- The bill aims to bolster the accuracy of the Isle of Man's beneficial ownership database.
- The public consultation period will end on 21 October 2020.