EU FIFTH MONEY LAUNDERING DIRECTIVE: LAW SOCIETY GUIDANCE ON TRUSTS THAT MUST BE REGISTERED WITH HMRC

On 6 April, the Law Society in England & Wales has issued guidance to assist corporate lawyers in determining whether various trust arrangements occurring in a transactional context must be registered with the HMRC Trust Registration Service, together with non-corporate guidance aimed at helping those undertaking private client work to navigate the extended trust registration requirements arising from the implementation of MLD5.

https://www.lawsociety.org.uk/topics/anti-money-laundering/trust-registration-service-trs-and-aml-compliance

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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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