Penningtons Manches Cooper LLP | United Kingdom | 15 Mar 2024
Following our previous article on the initial phase of Companies House reforms, secondary legislation has recently been published confirming that…
Lexology PRO | Global, United Kingdom, USA | 14 Feb 2024
Implementing internal controls, completing comprehensive risk assessments and conducting regular customer due diligence are some of the ways FIs can ensure compliance with global sanctions regimes.
Penningtons Manches Cooper LLP | United Kingdom | 2 Feb 2024
Following the introduction of the Economic Crime and Corporate Transparency Act 2023 as outlined in our previous article, Companies House preparations…
Lexology PRO | European Union, United Kingdom, USA | 12 Apr 2023
New UK beneficial ownership reporting requirements come into force, the US Treasury highlights DeFi money laundering risks, and the EDPB raises privacy concerns over AML data sharing – plus other key updates.
Gowling WLG | United Kingdom | 6 Sep 2022
From 5 September 2022 any overseas entities acquiring registrable land interests (including taking leases of seven years or longer) will need to be…
Mourant | Guernsey, Jersey, United Kingdom | 9 Aug 2022
On 15 March 2022 the Economic Crime (Transparency and Enforcement) Act 2022 (the Act) was given Royal Assent. The Act aims to (1) set up a register of…
Hogan Lovells | United Kingdom | 3 Aug 2022
After some years in the making, the UK register for overseas entities finally opened at Companies House on Monday 1 August 2022. Overseas entities…
Mourant | Guernsey, Jersey, United Kingdom | 12 Jul 2022
On 15 March 2022 the Economic Crime (Transparency and Enforcement) Act 2022 (the Act) was given Royal Assent. The Act aims to (1) set up a register of…
Lexology PRO | Africa, British Virgin Islands, Canada, etc. | 31 May 2022
Streamlining data collection and identifying target data early can help companies to comply with expanding beneficial ownership disclosure requirements.
Hogan Lovells | United Kingdom | 4 May 2022
The Economic Crime Act, which received Royal Assent on 15 March 2022, will require overseas entities that are owners or leaseholders of land in the UK…