The new gatekeepers of the financial system

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

Do UK money laundering regs extend to trusts in other jurisdictions?

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?

Employer partners gather at STEP Global Congress

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