Navigating 5AMLD: increasing transparency of beneficial ownership and the changing nature of the business relationship - 12 March 2020

Host group
Host Left
Hosted by
STEP Jersey
Event Type
Meeting/Seminar
Date
-
Venue

Pomme d'Or Hotel
Liberation Square
Saint Helier
JE1 3UF
Jersey

Topic: Navigating 5AMLD: increasing transparency of beneficial ownership and the changing nature of the business relationship

Speakers: Isobel Morton & Iskra Doukova, Macfarlanes LLP, London

5AMLD is expected to increase the number of trusts on the UK trust register from 200,000 to 2 million.

In this seminar, Isobel and Iskra will explore what they know so far, how 5AMLD is being implemented in the UK and elsewhere and what remains to be seen, including:

  • Widening the scope of registrable trusts: removing the tax link; and when a “business relationship” in a Member State triggers registration
  • Who can access information and how: definition of “legitimate interest” and wider access regarding trusts with a “controlling” stake in non-EEA companies
  • Penalties
  • Impact on client relationships
  • Extending the scope to additional service providers

The event will be followed by a Networking Drinks reception with members of Chartered Institute for Securities & Investments.(CISI)

SPONSORS

Savills, Intertrust, Smith & Williamson, Carey Olsen, Zedra.

Cost group
Event Cost
Pound Sterling
70.00
STEP, CISI, JBA Members
Pound Sterling
90.00
Non-Members
Pound Sterling
50.00
STEP Students
CPD Points
CPD Certificates are not automatically supplied following an event. Should you require a CPD certificate confirming your attendance at an event please contact the person on the calendar listing to request this.
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Contact
Louise Farrugia
01534 876513
[email protected]
Add to Calendar 2020-03-12 06:00:00 2020-03-12 23:59:00 Navigating 5AMLD: increasing transparency of beneficial ownership and the changing nature of the business relationship - 12 March 2020 Topic: Navigating 5AMLD: increasing transparency of beneficial ownership and the changing nature of the business relationship Speakers: Isobel Morton & Iskra Doukova, Macfarlanes LLP, London 5AMLD is expected to increase the number of trusts on the UK trust register from 200,000 to 2 million. In this seminar, Isobel and Iskra will explore what they know so far, how 5AMLD is being implemented in the UK and elsewhere and what remains to be seen, including: Widening the scope of registrable trusts: removing the tax link; and when a “business relationship” in a Member State triggers registration Who can access information and how: definition of “legitimate interest” and wider access regarding trusts with a “controlling” stake in non-EEA companies Penalties Impact on client relationships Extending the scope to additional service providers The event will be followed by a Networking Drinks reception with members of Chartered Institute for Securities & Investments.(CISI) SPONSORS Savills, Intertrust, Smith & Williamson, Carey Olsen, Zedra. Pomme d'Or Hotel Liberation Square Saint Helier JE1 3UF Jersey STEP Jersey STEP Jersey Europe/London public