Feedback is welcomed from firms and stakeholders, particularly in the following question areas:
- Purposes of express trusts;
- Activities to be included in the definition of trust administration, if any;
- Additional mechanisms available to ensure access to beneficial ownership information in the context of trusts;
- Suggested approaches to identify, assess, and mitigate the ML/TF risks linked with different types of legal arrangements;
- The circumstances in which a non-professional trustee would be chosen; and
- Jurisdictions’ obligations surrounding non-professional trustees.
Comments and any drafting proposals are invited to be received by 8 December.