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Trust registration service to be expanded

04 February 2020
Issue: 4730 / Categories: News

The Treasury has published a technical consultation on how to transpose the fifth money laundering directive to trust registration. The directive requires express trusts to be registered, so the trust registration service will be expanded to include these and some non-EU resident express trusts. 

The consultation provides information, such as who will have to register, what data will be collected and the deadlines and penalties for non-compliance. It also discusses who will have access to the register. 

Draft regulations that amend the 2017 money laundering regulations relating to the register are also included.

Comments should be emailed to by 21 February.

Consultation document:
Issue: 4730 / Categories: News
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