19/04/23

UK's Trust Registration Service And US Revocable Trusts

The Fifth Money Laundering Directive (5MLD), implemented by the UK in 2020, expanded the scope of the UK’s Trust Registration Service (TRS), first introduced in 2017. Whilst previously only express trusts with UK tax liabilities were required to register, a significantly wider range of trusts are now required to register. The deadline for registering most trusts brought into the scope of the TRS rules by 5MLD was 1 September 2022.

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