Open consultation

Technical consultation: Fifth Money Laundering Directive and Trust Registration Service

Summary

We welcome views and evidence on the draft regulations and additional proposals to expand the Trust Registration Service to comply with the Fifth Money Laundering Directive.

This consultation closes at

Consultation description

In April 2019, the government held a consultation seeking views on transposing the Fifth Money Laundering Directive into national law.

The consultation ended on 10 June 2019 and the response was published on 23 January 2020.

The government is now holding a detailed technical consultation on extending the Trust Registration Service to include the draft legislation and proposals on the types of express trusts that will be required to register, data collection and sharing, and penalties.

The government is keen to ensure that the UK’s anti-money laundering and counter terrorist financing regime effectively deters such activity while remaining proportionate.

On this page, you can read the technical consultation document.

Documents

Technical consultation document: Fifth Money Laundering Directive and Trust Registration Service

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Ways to respond

Email to:

asres.consult@hmrc.gov.uk

Write to:

Assets & Residence Policy Team,
HM Revenue and Customs,
Room 3C/03,
100 Parliament Street,
London
SW1A 2BQ

Published 24 January 2020