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Thousands of charities to be hit with a new layer of anti-money laundering regulation

Thousands of charities could face increased administrative bureaucracy as part of the government’s new anti-money laundering regulations, a lawyer has warned.

Thousands of charities to be hit with a new layer of anti-money laundering regulation
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  • Shared by Civil Society
  • September 03, 2019
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Writing for Charity Finance magazine, Lucy Rhodes, associate at Bates Wells, said the Fifth Money Laundering Directive (5MLD) could force all charitable trusts, irrespective of size, to register with the government’s new trust registration service (TRS).

Read more at Civil Society.

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