In 2017, HMRC launched the Trust Registration Service as a result of the record keeping and disclosure obligations introduced by the UK’s
New regulations which came into force in June this year will make it a requirement for trustees to obtain and hold up-to-date details of the
Welcome to the November 2017 edition of our Trustee Knowledge Update which summarises recent changes in law and regulation. It is aimed at helping
Pension scheme trustees should be aware of requirements under new money laundering regulations to record information and, in some cases, to give the
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR) came into force on 26 June 2017 and
Pension scheme trustees are in line for new duties under the UK's revised anti-money laundering regulations. But it is unclear who the duties apply to
New regulations, coming into force in June 2017, will introduce stricter EU anti-money laundering requirements into the UK and seem likely apply to
HMRC has requested that Trustee Company Service Providers (TCSPs) who failed to register with HMRC by the 30 September deadline should still submit application forms and fees.
In an attempt to help with the confusion surrounding who needs to register under the Money Laundering Regulations 2007, HMRC published revised guidance on 31 July 2008 in relation to Trust and Company Service Providers (“TCSPs”).
We reported in March this year that existing businesses providing trustee services had to register with HMRC to combat money laundering.