UK ML/TF Regulations 2022 passed by Parliament

UK ML/TF (Amendment) (No. 2) Regulations 2022 come into force on 1 Sept 22 extending the scope of BO reporting discrepancies among others. Reg 13 makes it clear that supervisory authorities can directly require members to show them SARs “to help them in...

UK Govt on The Economic Crime Act 2022

The aim of the Act is to increase the transparency of ownership of UK property by overseas entities, by identifying the beneficial owners of those entities. ‘Overseas entities’ owning ‘qualifying property’ are required to register and…