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Is a sole trader a body corporate ?

  • 12-07-2013 9:40pm
    #1
    Nika Bolokov
    Registered Users, Registered Users 2 Posts: 651 ✭✭✭


    Hi All,

    Dealing with some rules from the 2010 anti money laundering act. Non legal person here. As a rough steer would anyone know if a sole trader would be considered a body corporate when the rules refer only to partnerships and body corporate ?

    Major thanks for a steer here !!!!


Comments

  • #2
    TonyCochrane
    Registered Users, Registered Users 2 Posts: 21 ✭TonyCochrane


    Nika Bolokov wrote: »
    Hi All,

    Dealing with some rules from the 2010 anti money laundering act. Non legal person here. As a rough steer would anyone know if a sole trader would be considered a body corporate when the rules refer only to partnerships and body corporate ?

    Major thanks for a steer here !!!!

    A sole trader is not a body corporate. At a guess the rules only refer to partnerships and body corporates as AML rules are primarily about knowing the identity of the person with whom you are dealing. It may not be immediately apparent who is calling the shots when it comes to a body corporate or a partnership.


  • #3
    NoQuarter
    Registered Users, Registered Users 2 Posts: 4,632 ✭✭✭NoQuarter


    Absolutely not.


  • #4
    Nika Bolokov
    Registered Users, Registered Users 2 Posts: 651 ✭✭✭Nika Bolokov


    Thank you so much guys I really appreciate that.


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