STEP welcomes UK government response to Fifth Anti-Money Laundering Directive consultation

Update 11 August 2020: It remains unclear exactly when the proposed Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 will come into force as this is being created by way of a Statutory Instrument, which is subject to the sifting procedure in Parliament. This is a special procedure for EU legislation, and the… Read More STEP welcomes UK government response to Fifth Anti-Money Laundering Directive consultation

Technical hitches remain for access to UK Trust Registration Service

Agents remain unable to access the Trust Registration Service (TRS) after technical errors were identified in the system, HMRC has confirmed. However, the deadline for completing the register of a trust for self-assessment and providing beneficial ownership information remains 5 December 2017. This news comes shortly after HMRC published its comprehensive guidance for the new… Read More Technical hitches remain for access to UK Trust Registration Service