Anti-Money Laundering Regulations
Posted: Wed, 10 Aug 2022 09:24
Unincorporated associations such as sports clubs have no separate legal capacity, so their property e.g. freehold or leasehold property must be held by individuals or by a legal entity on their behalf. In view of the deadline of 1 September 2022, unincorporated clubs and associations should review their position now.
Further details of what is required can be found at: www.gov.uk/guidance/manage-your-trusts-registration-service.
For information on legal structures and becoming an incorporated club and the protection this gives your committee and members, visit the Club Matters website - www.sportenglandclubmatters.com/governance/getting-the-right-structure/incorporated-organisations/
(Image Source: Centre for Ageing Better)