Amendment to the Trustees Act and the TTEC Regulations with effect from 20 June 2025
24/06/2025
The Trustees Act 1967 and the Trustees (Transparency and Effective Control) Regulations 2017 will be amended with effect from 20 June 2025. These amendments will update trustees’ Anti-Money Laundering/Combating the Financing of Terrorism (“AML/CFT”) obligations under the Trustees Act 1967.
Part 7 of the Trustees Act and the TTEC Regulations were recently amended to update the trustees’ AML/CFT obligations in relation to the Residual Trustees (non-professional trustees) and they come into force on 20 June 2025.
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