2022 February 09

The Environmental Audit Committee’s meeting on 9 February focused on how the UK’s economic goals can be aligned with environmental sustainability. Panellists included Nick Spencer of the Institute and Faculty of Actuaries, Signe Norberg of the Aldersgate Group and Jeremy Peat OBE of the Royal Society of Edinburgh. 

The Government is introducing a register of beneficial ownership for trusts through its Money Laundering and Terrorist Financing Regulations 2022, a long overdue and necessary step in the fight against money laundering and terrorist financing in the UK. However, the Government seek to extend the deadline for updating the register after a change of circumstances to 90 days, far too long.