The Department of Finance/Department of Justice recently conducted a joint consultationon Member States discretions on the transposition of the 4th EU Anti-Money Laundering Directive and Funds Transfer Regulation “the AML Package”.
The Directive includes requirements to have central registers of the beneficial ownership of trusts and of corporate and legal entities.
To read STEP’s commentary, see here
To see the Institute of Tax response, see here
Aileen Keogan contributed to the Law Society submission on the Directive consultation - issues included beneficial ownership and solicitor client account. For more details, see here
For details on the Directive, see our previous commentary, here and here
Also, see this firm’s article on Regulatory and Reporting Issues for Private Client Practitioners published in 2015 here
