Inspecting the CRBOT
Restricted access
Restricted access is available to:
- designated persons as is defined in Section 25 Criminal Justice (Money Laundering and Terrorist Financing) Act 2010
- members of the public with a legitimate interest.
A Designated Person can access the Central Register of Beneficial Ownership of Trusts (CRBOT) where a trustee:
- enters an occasional transaction with a Designated Person
- or
- forms a business relationship with the Designated Person
- or
- the Designated Person is taking customer due diligence in accordance with Part 4 of Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 in relation to a relevant trust.
Note
A designated person must deliver a 'discrepancy notice' to the Registrar when there is a discrepancy between the particulars of a trust's internal register and the CRBOT.
Members of the public can access restricted information on the CRBOT when they can demonstrate a legitimate interest that:
- the person is engaged in the prevention, detection or investigation of money laundering or terrorist financing offences
- and
- the subject of the access request is connected with persons convicted of an associated offence or holds assets in a high-risk third country.
Any request for access by a member of the public must be accompanied by information and documents demonstrating a right of access.
Note
Beneficial ownership information relating to minors will only be disclosed where an access request established that it is in the public interest to do so.
For further information please see CRBOT Information on Access for Designated Persons and Discrepancy Notices.