Money laundering regulations 2007: pension trustees need not register | Practical Law

Money laundering regulations 2007: pension trustees need not register | Practical Law

Following publication by HMRC of the final version of its long-awaited MLR 9 guidance, it is now clear that trustees of occupational pension schemes are not expected to register with HMRC under the Money Laundering Regulations 2007. This includes professional trustee companies and directors of trustee companies.

Money laundering regulations 2007: pension trustees need not register

Practical Law UK Practice Note 8-382-9106 (Approx. 4 pages)

Money laundering regulations 2007: pension trustees need not register

by Ferdinand Lovett, Sackers and Jill Clucas, Hogan Lovells LLP
Law stated as at 07 Aug 2008England, Scotland, Wales
Following publication by HMRC of the final version of its long-awaited MLR 9 guidance, it is now clear that trustees of occupational pension schemes are not expected to register with HMRC under the Money Laundering Regulations 2007. This includes professional trustee companies and directors of trustee companies.