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.

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

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