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
1
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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
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