PSC Register - All You Need to Know

Introduction

This webinar will cover the People With Significant Control (‘PSC’) Register requirements brought about by the Small Business, Enterprise and Employment Act 2015 (‘SBEEA’) in order for you to ensure your clients remain fully compliant with the legislation together with further changes brought about by both the implementation of the 4th Money Laundering Directive and the 5th Money Laundering Directive (which was brought into force on 10 January 2020).

It will also explore the latest position in relation to identity verification requirements and other implications for People with Significant Control under the Economic Crime and Corporate Transparency Act 2023 (‘ECCTA’) and is suitable for solicitors, accountants, and company secretaries who advise companies.

What You Will Learn

This webinar will cover the following:

• Definition of PSC
• Areas of complexity including indirect ownership, overseas companies, trusts and joint arrangements
• Steps a company must take to identify PSCs
• PSC Register requirements/sample register
• Identity verification requirements under ECCTA
• Filing requirements (and relevant changes since the 4th Money Laundering Directive)
• Other proposed changes under ECCTA
• Compliance suggestions/practical tips
• Consequences of non-compliance
• Requirement from January 2020 to report a discrepancy about a beneficial owner on the PSC Register by an obliged entity and changes in 2023 surrounding these obligations

This pre-recorded webinar will be available to view from Wednesday 9th July 2025

Alternatively, you can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.