On 10th July the GFSC launched a Director registration regime.
All directors should consider whether they are captured by the regime using the clear decision tree provided by the GFSC here and then register if they are required to do so.
All directors required to register should do so by 1st October 2023, although the registration process may take 7 days or more so applications should be made well in advance of the deadline.
Further guidance in relation to how directors are expected to comply with schedules 3 And 5 of the Proceeds of Crime Law is expected to be issued by the GFSC shortly.
You can read the GFSC notification here.
The IoD will be hosting an information webinar and a drop in session, more details to follow.