HM TREASURY ISSUES CONSULTATION ON THE 5th MONEY LAUNDERING DIRECTIVE

On 15th April, HM Treasury invited views and evidence on the steps that the government proposes to take to meet the UK’s expected obligation to transpose the EU 5th Money Laundering Directive into national law.  The Directive expands the scope of businesses and individuals under EU AML obligations to include any person who directly or otherwise provides material aid, assistance or advice on tax matters on a professional basis, as well as real estate letting agents who facilitate high-value transactions for a monthly rent of €10,000 or more.

https://www.gov.uk/government/consultations/transposition-of-the-fifth-money-laundering-directive

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s