Update: STEP News 1 Nov: UK revises anti-organised crime strategy to target professional ‘facilitators’ Original blog: Ben Wallace MP, UK Minister of State for Security at the Home Office, has called for more to be done to make lawyers and accountants who facilitate money laundering recognise their responsibilities. As part of a House of Commons… Read More The new gatekeepers of the financial system
UK Chancellor Philip Hammond delivered the final budget before the UK leaves the EU yesterday. Here are some of the key measures that may affect STEP members. Individuals Income tax: the personal allowance threshold, the rate at which people start paying income tax at 20 per cent, is to rise from GBP11,850 to GBP12,500 in… Read More How will the UK budget affect STEP members?
STEP marked World Mental Health Day on 10 October with The Capacity Conversation: Best Practice, an event hosted by the Employer Partnership team and the Mental Capacity Special Interest Group in London. Simon Hardy TEP of Kingsley Napley explained that clients need to plan for loss of capacity, but many have not done so. While… Read More Addressing mental health in the workplace
STEP’s Isle of Man branch has flagged potential issues raised by the UK Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (SI 2017/692) (the Regulations) which give effect to the requirement of the EU Fourth Anti-Money Laundering Directive to have a central register of trusts, and reporting obligations on trustees.… Read More Do UK money laundering regs extend to trusts in other jurisdictions?
We’ve just returned from the STEP Global Congress in Vancouver – what a great event it was, reports Nigel Race. Congress kicked off with two excellent keynote sessions on the theme of change: ‘Change has changed’, which was focused on change in the individual practitioner; and ‘Serving the New Clientele’, which looked at cultural types… Read More Employer partners gather at STEP Global Congress
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