2022
Have all organisations implemented the changes relating to Trusts...?
The rules required are extremely complex, but there are solutions available!
CHANGES TO HIGH RISK COUNTRIES ANNOUNCED
EFFECTIVE FROM 13 JULY 2021
UK List:
Albania, Barbados, Botswana, Burkina Faso, Cambodia, Cayman Islands, Haiti, Jamaica, Malta, Mauritius, Morocco, Myanmar/Burma, Nicaragua, Pakistan, Panama, Philippines, Senegal, South Sudan, Syria, Uganda, Yemen, Zimbabwe Iran and Democratic People's Republic of Korea.
Additional EU List:
Afghanistan, Bahamas, Ghana, Iraq, Mongolia, Trinidad & Tobago and Vanuatu.
CHANGES TO MLR 2017 ANNOUNCED
EFFECTIVE FROM 6 OCTOBER 2020
https://www.legislation.gov.uk/uksi/2020/991/made/data.pdf
The changes will be of particular interest to:
- Organisations whose Customers include Trusts
- Life Insurers
- Organisations whose Customers are outside the UK