BEIS consults on implementing the Fourth Money Laundering Directive

BEIS consults on implementing the Fourth Money Laundering Directive
The Department for Business, Energy and Industrial Strategy (BEIS) is seeking views on its discussion paper outlining possible approaches to the transposition of Article 30 of the Fourth Money Laundering Directive. This Article relates to the requirement for EU member states to maintain a central register of beneficial ownership information of corporate and other legal entities in their territory. The deadline for responses is 16 December
The EU adopted the directive on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (2015/849) (known as the Fourth Money Laundering Directive) in 2015. Member states are required to implement it in domestic law by June 2017.
HM Treasury published, on 15 September 2016, a consultation on the transposition of the Directive. The new consultation covers one spec

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