Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

11 A trust company that is required to keep a record in respect of an inter vivos trust in accordance with these Regulations shall keep a record that sets out the name and address of each of the beneficiaries that are known at the time that the trust company becomes a trustee for the trust and

• (a) if the beneficiary is a person, their date of birth and the nature of their principal business or their occupation, as applicable; and

• (b) if the beneficiary is an entity, the nature of their principal business.