Register Discrepancy Reporting Summary Introduction There's been much discussion over the last two years about the creation of company registers that were introduced under Articles 30 and 31 of the 5th Anti-Money Laundering Directive (“5AMLD”). These amendments were geared towards improving the level of transparency about and access to information about the ultimate beneficial owners (“UBOs”) of.
January 14, 2020
New KYC and Registry Notification Requirements: Are you Ready?
October 30, 2019
DAC 6 and the D Hallmarks
HMRC’s consultation period for DAC 6 ended on 11 October. Professional service providers, including EFI, and leading UK bodies representing the financial services industry have responded to the consultation. Of key concern is that many aspects of the legislation still require clear guidance from HMRC to successfully implement the Directive. Whilst HMRCs approach to consult on this guidance is.
September 26, 2018
Jail time looms for FATCA Responsible Officer
Whats next for FATCA? After witnessing the first ever successful US prosecution for Foreign Account Tax Compliance Act (FATCA) non-compliance, banks and Financial Institutions (FIs) will be thinking ‘What next?’ and considering their own FATCA programmes. This outcome could well be the ‘new normal’ – despite well-documented promises of a ‘soft-landing’ by US tax and legal authorities. In any.
