The UK will fail the new standards set at Anti-Corruption Summit

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The Anti-corruption Summit communique, just published, says:

We will ensure accurate and timely basic and beneficial ownership information (including legal ownership information) is collected, available and fully accessible to those who have a legitimate need for it, including to help prevent abuse.

There is no way on earth that the UK's effectively voluntary new disclosure rules on benefical ownership for which no third party verification is available and to which no resourcees are being dedicated can meet this standard.

So David Camneron will fail his own new standard.

I have written draft law to make such a standard work in this country. His government taklked it out. The UK's duplicity on this issue goes on.