In an article published by Thomson Reuters Regulatory Intelligence on 16 September 2021, Anita Clifford was quoted on the proposed expansion of the duty to report beneficial ownership discrepancies to Companies House.
Presently the duty, appearing in Regulation 30A MLR 2017 (as amended) is confined to discrepancies picked up at the client onboarding phase but the proposal will see the duty remain throughout the life of a customer relationship. Anita’s views were sought on whether the change could lead to unintended consequences and how it would affect solicitors’ concerns about client confidentiality.
Anita Clifford is a barrister with a specialism in money laundering matters. She is a ranked junior barrister in Legal 500 and Chambers UK for POCA & Asset Forfeiture work.