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Chief minister welcomes findings of beneficial ownership review

UK says exchange of notes arrangement is working well

The chief minister has welcomed the findings of a review into a beneficial ownership agreement with the UK.

The British Government brought in the exchange of notes arrangement with the Crown Dependencies and Overseas Territories in 2016.

The deal ensures law enforcement bodies in the UK and Isle of Man can have unrestricted access to the other jurisdiction's beneficial ownership information to combat money laundering and prevent the financing of terrorism.

Howard Quayle says the review shows the agreement is working:

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