Central Register of Beneficial Ownership of Trusts (CRBOT)

EU money laundering legislation means that all trusts with a Standard Life International Portfolio Bond on Wrap (IPB), must now be registered with the Irish Revenue. Registration is made through the Irish Revenue’s Central Register of Beneficial Ownership of Trusts (CRBOT).

What is CRBOT?

The purpose of the CRBOT is to help prevent money laundering and terrorist financing by improving transparency on who ultimately owns and controls Irish trusts.

The CRBOT will contain details of relevant trusts and their beneficial owners. Trustees need to submit these details to Revenue, who will manage the CRBOT.

More information can be found on Standard Life’s webpage.