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DfE knows beneficial owners of companies receiving financial support

Laurence Skelly MHK

Minister confirms Department does due diligence before providing assistance

The Enterprise Minister insists his department knows who the beneficial owners are of companies receiving financial support from the government.

Douglas South MHK Kate Beecroft asked Laurence Skelly whether these details are recorded at this week's sitting of the House of Keys.

It comes following the Island's announcement, along with Jersey and Guernsey, that it intends to make beneficial ownership registers public.

Mr Skelly says this isn't a new procedure for the Department for Enterprise: 

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