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.
Notices
Published Date: 09 June 2025
Requirements for trustee-managers of registered business trusts on anti-money laundering (AML) and countering the financing of terrorism (CFT).
AML/CFT
Issued pursuant to:
Section 16 of the Financial Services and Markets Act 2022
Applies to:
Registered Business Trust
View Notice
Notice BTA1-N01 to Trustee-Managers on Prevention of Money Laundering and Countering the Financing of Terrorism
(168.5 KB)
The AML/CFT requirements for trustee-managers can be found in this notice, which includes the following:
Disclosure of trustee status.
Record keeping.
09 June 2025
Notice BTA1-N01 to Trustee-Managers on Prevention of Money Laundering and Countering the Financing of Terrorism (168.5 KB) is issued