Detail of outcome
Responses to this discussion paper informed new draft regulations. The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 were laid on 23 June 2017 and came into force on 26 June 2017.
This discussion paper outlines possible approaches to the transposition of section 30 of the Fourth Money Laundering Directive. This covers the requirement for EU member states to maintain a central register of beneficial ownership information of corporate and other legal entities in their territory.
This will be of interest to:
- companies and legal entities
- professional advisers and service providers for companies and legal entities
- others with an interest in who controls or influences companies and legal entities