Fifth Money Laundering Directive and the TRS
Regulatory Updates | 06/01/20
Draft regulations have been outlined, to take effect from 10 January 2020, to implement the Customer Due Diligence aspects of Directive 2018/843 (Fifth Money Laundering Directive). Early in 2020 HMRC will consult on the technical detail of regulations to implement the relevant Trust Registration Service (TRS) aspects.