In the early hours of 15 March 2022, the Economic Crime (Transparency and Enforcement) Act (the “Act”) came into force. The rapid passage of the Act through the UK Parliament, after years of delays, came in response to...more
3/25/2022
/ Anti-Money Laundering ,
Beneficial Owner ,
Corporate Crimes ,
Corporate Governance ,
Disclosure Requirements ,
Economic Sanctions ,
Foreign Entities ,
Foreign-Owned Corporations ,
Person with Significant Control (PSC Register) ,
Politically Exposed Person (PEPs) ,
Real Estate Transactions ,
Real Estate Transfers ,
Russia ,
Transparency ,
UK ,
Ukraine ,
Unexplained Wealth Orders (UWOs)
On 10 January 2020 the Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (the “2019 Regulations”) came into force in the UK, implementing the EU’s fifth Money Laundering Directive (“MLD5”) and amending the...more