Consultation outcome

Implementing the Fourth Money Laundering Directive: beneficial ownership register

• From: Department for Business, Energy & Industrial Strategy
• Published: 3 November 2016

This was published under the 2016 to 2019 May Conservative government

This consultation has concluded

Detail of outcome

Responses to this discussion paper informed new draft regulations. The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 were laid on 23 June 2017 and came into force on 26 June 2017.

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Original consultation

Summary

We're seeking views on how to meet the requirement to maintain a central register of beneficial ownership information.

This consultation ran from
midday on 3 November 2016 to 11:45pm on 16 December 2016

Consultation description

This discussion paper outlines possible approaches to the transposition of section 30 of the Fourth Money Laundering Directive. This covers the requirement for EU member states to maintain a central register of beneficial ownership information of corporate and other legal entities in their territory.

This will be of interest to:

• companies and legal entities
• professional advisers and service providers for companies and legal entities
• others with an interest in who controls or influences companies and legal entities

Documents

Implementing the Fourth Money Laundering Directive: transposition of Article 30: beneficial ownership of corporate and other legal entities - discussion paper

Ref: BEIS/16/38

PDF, 685 KB, 43 pages

Published 3 November 2016