The Register of Overseas Entities launched today (1 August)
The Law Society has issued a warning to solicitors to exercise caution as the Register of Overseas Entities (ROE) is launched today (Monday 1 August).
It has issued guidance to assist solicitors after identifying risks, particularly in relation to verification of overseas entities. The ROE has been introduced as part of the Economic Crime (Transparency and Enforcement) Act 2022.
“We have long supported UK government’s overarching ambition to improve transparency of ownership, including the introduction of the register,” said Law Society president I. Stephanie Boyce.
“However, we have expressed significant concerns as to the expectations which may be placed on solicitors to verify the accuracy of ...