ARTICLE · 27 OCTOBER 2017

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DISCLOSURE OF TRUST information by trustees to beneficiaries is fundamental in permitting beneficiaries to assert their right to hold trustees to account in the administration of a trust.

JerseyWealth Management

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DISCLOSURE OF TRUST information by trustees to beneficiaries is fundamental in permitting beneficiaries to assert their right to hold trustees to account in the administration of a trust. In parallel, the EU has decided that disclosure of trust information is crucial in the fight against money laundering and terrorist financing. Therefore, two questions arise about the interaction of the two regimes regarding disclosure of trust information: can a beneficiary still obtain trust information where the trustees have decided not to disclose that information, and perhaps a court has agreed with them? And are trustees required to disclose trust information to non-beneficiaries?

BENEFICIARIES AND DATA PROTECTION

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