Response to Consultation: Changes to the Trust Registration Service under the Fifth Money Laundering Directive: 21 February 2020

21 February 202024 February 2020 admin

While certain sections of 5MLD have already been implemented in the U.K., changes required by 5MLD in respect of the registration of the beneficial ownership of trusts have not yet come into force. HM Treasury and HM Revenue and Customs are now jointly consulting on this aspect of the regime.

Registered Charity Number: 1164902. “The FMLC” and “The Financial Markets Law Committee” are terms used to describe a committee appointed by Financial Markets Law Committee, a limited company (“FMLC” or “the Company”).

Registered office: 8 Lothbury, London, EC2R 7HH. Registered in England and Wales. Company Registration Number: 8733443. Please click here to access the FMLC’s privacy statement.

Financial Markets Law Committee

Furthering legal certainty in the wholesale financial markets

Tag: Express trusts

Response to Consultation: Changes to the Trust Registration Service under the Fifth Money Laundering Directive: 21 February 2020

Registered Charity Number: 1164902. “The FMLC” and “The Financial Markets Law Committee” are terms used to describe a committee appointed by Financial Markets Law Committee, a limited company (“FMLC” or “the Company”).

Registered office: 8 Lothbury, London, EC2R 7HH. Registered in England and Wales. Company Registration Number: 8733443. Please click here to access the FMLC’s privacy statement.