Sanctions and Anti-Money Laundering Bill — New Clause 8 — Public Register of Beneficial Owners of Overseas Entities — 1 May 2018 at 17:45

Zac Goldsmith MP, Richmond Park voted not to require, within a year, a public register of beneficial ownership information for companies and other legal entities outside of the UK that own or buy UK property, or bid for UK government contracts.

The majority of MPs voted not to require, within a year, a public register of beneficial ownership information for companies and other legal entities outside of the UK that own or buy UK property, or bid for UK government contracts.

MPs were considering the Sanctions and Anti-Money Laundering Bill[1].

The proposed new clause rejected in this vote was titled: Public Register of Beneficial Owners of Overseas Entities and stated:

  • (1) The Secretary of State must, in addition to the provisions made under paragraph 6 of Schedule 2, create a public register of beneficial ownership information for companies and other legal entities registered outside of the UK that own or buy UK property, or bid for UK government contracts.
  • (2) The register must be implemented within 12 months of the day on which this Act is passed.
  • (3) For the purposes of this section “a register of beneficial ownership for companies and other legal entities registered outside of the UK” means a public register—
  • (a) which contains information about overseas entities and persons with significant control over them, and
  • (b) which in the opinion of the Secretary of State will assist in the prevention of money laundering.”

The rejected new clause was accompanied by the following explanatory notice:

  • This new clause would create a public register of beneficial ownership information for companies and other legal entities outside of the UK that own or buy UK property, or bid for UK government contracts, within 12 months.

The Bill already enabled ministers to set up such a register[2], this new clause sought to require such a register to be introduced within 12 months and to make it public.

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Debate in Parliament |

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Party Summary

Votes by party, red entries are votes against the majority for that party.

What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.

What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.

What is Turnout? This is measured against the total membership of the party at the time of the vote.

PartyMajority (No)Minority (Aye)BothTurnout
Con304 (+2 tell) 0096.5%
DUP10 00100.0%
Green0 10100.0%
Independent0 1050.0%
Lab0 247 (+2 tell)095.4%
LDem0 10083.3%
PC0 3075.0%
SNP0 34097.1%
Total:314 296095.6%

Rebel Voters - sorted by party

MPs for which their vote in this division differed from the majority vote of their party. You can see all votes in this division, or every eligible MP who could have voted in this division

Sort by: Name | Constituency | Party | Vote

NameConstituencyPartyVote
no rebellions

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