• IRE GVT issued EU (anti-money laundering: beneficial ownership of trusts) regulations.
• Follows 30 June 2021 IRE GVT issue of rules on certain financial vehicles.

Summary

• The regulations implement the rules in article 31 of directive 2015/849 of European Parliament and Council of 20 May 2015, as updated by article 1(16) of (EU) 2018/843.
• The directives cover terrorism financing and beneficial ownership transparency trends.

Effectiveness

• The EU regulations 2021 come into effect on 24 April 2021.