An obliged entity is a person to whom the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008 apply. Obliged entities have their own route of access to the central register, separate from legitimate interest access.
Who is an obliged entity
- financial institutions
- independent professionals
- corporate service providers and trust businesses
- casino operators
- dealers in high value goods
- real estate brokers and agents
Dealers in high value goods are supervised by the Registrar of Companies under the Registrar of Companies (Supervision and Regulation) Act 2020, and real estate brokers by the Superintendent of Real Estate under the Real Estate Brokers' Licensing Act 2017 and associated Regulations.
When you may request information
You must demonstrate one of two things to our satisfaction.
- that you are conducting customer due diligence in respect of the entity, in compliance with your obligations under the Proceeds of Crime Act 1997 and the 2008 Regulations; or
- that you are aware, or have reason to believe, that the particulars of beneficial ownership information are materially inconsistent with other information in your possession.
Access is not a standing entitlement to search
Being an obliged entity gives you a route to apply. It does not give you a right to look at the register whenever you wish. Each application is considered on its own terms.
How to make a request
Coming Soon
What you receive
Beneficial ownership information in respect of the entity. This is more than the four-field extract that a legitimate interest applicant receives.
We may grant the approval for a period we determine and impose conditions on it, and we may revoke it if you cease to meet the requirements or if a condition is breached or likely to be.
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If we refuse
We notify you and give reasons in writing, including where the refusal is because a beneficial owner has been granted an exemption from disclosure. You may appeal to the Supreme Court within twenty-eight days of receiving the decision.
RELATED
Exemptions from the regime and from filing →
Reporting a discrepancy
If information we disclose to you is materially inconsistent with other information you hold, you must report the details to us as soon as practicable and not later than thirty days after the disclosure.
An inconsistency is material where, by its nature and in all the circumstances, it may reasonably be considered connected to money laundering or related offences, terrorist financing or proliferation financing, or to concealing beneficial ownership. Examples are a difference in name, an incorrect entry for nature of control, date of birth or nationality, a missing entry for a registrable person, and an incorrect date on which someone became a registrable person.
On receiving a report we notify the entity of the discrepancy and give it a reasonable opportunity to respond and, if necessary, to correct the central register. We may take other steps to verify the information, and may place a notice on the central register until we are satisfied the inconsistency is resolved.
Limits on what you may do with it
What we disclose is protected information, and is subject to restrictions on further disclosure. Unauthorized disclosure of information is an offence carrying substantial penalties.