UK Introduces Register of Beneficial Owners of Trusts - Nikhil Mehta

While confusion has reigned over the suspension of new domestic tax measures because of the General Election, the U.K. continues to meet its EU obligations in relation to anti-money laundering and the fight against tax evasion. There is something of an irony in the fact that the new register of beneficial ownership of trusts (‘‘RBOT’’), instigated by the EU Fourth Money Laundering Directive, has become law in the U.K. just as the Government gears up for Brexit talks with the EU.