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.
Ways to respond
Assets & Residence Policy Team,
HM Revenue and Customs,
100 Parliament Street,