Offshore trusts and the drive towards transparency

The UK recently unveiled a new beneficial ownership disclosure regime (as reported here). For example, the new Register of Overseas Entities is held by Companies House and requires overseas entities that own land or property in the UK to declare their beneficial owners and/or managing officers. Another development is the Register of Persons With Significant Control (PSC). These raise new compliance challenges that wealth advisors must grasp.

In an article for WealthBriefing, Marilyn McKeever, partner in BDB Pitmans’ private wealth team, delves into the details of what’s involved in the new regime.

To read the article in full, please visit the WealthBriefing website.