UK: FIFTH MONEY LAUNDERING DIRECTIVE AND TRUST REGISTRATION SERVICE – RESPONSES TO CONSULTATION

On 10 November, HMRC and HM Treasury published a summary of the responses to the consultation which ended on 21 February and seeking views on the expansion of the Trust Registration Service as required to transpose the 5th EU Money Laundering Directive into UK law.  It sought proposals on the types of express trusts that would be required to register, data collection and data-sharing, and on penalties.

https://www.gov.uk/government/consultations/technical-consultation-fifth-money-laundering-directive-and-trust-registration-service

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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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