January 21st, 2020 / Insight posted in MKS News

FT: Lynne Rowland on impact of new scope of trusts

Advising on how the impending money laundering rules could change the whole trust landscape, Lynne Rowland said: “If a trustee gets something wrong, they could be personally liable if they are seen to have been negligent.” Lynne continues that difficulties might arise where beneficiaries are required to supply full details or have their identity disclosed.

Full online article here. Subscription needed.