Regulatory Alerts2025-06-09
Added
Notice BTA1-N01 to Trustee-Managers on Prevention of Money Laundering and Countering the Financing of Terrorism
The regulator issued Notice BTA1-N01 on 9 June 2025 to impose anti-money laundering and countering the financing of terrorism requirements on trustee-managers of registered business trusts. This notice mandates specific compliance obligations, including the disclosure of trustee status and the maintenance of adequate record-keeping procedures. The requirements are issued pursuant to Section 16 of the Financial Services and Markets Act 2022.
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