Beneficial Ownership Reporting Commences

Author:Walkers &nbsp

The Central Register of Beneficial Ownership of Companies and Industrial and Provident Societies (the "Central Register") launched on 29 July 2019.

Irish incorporated companies and other legal entities ("Relevant Entities") are obliged by Part 3 of the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 (S.I. 110 of 2019) (the "2019 Regulations") to file details of their beneficial ownership with the Central Register.

Existing Relevant Entities have until 22 November 2019 to file the details of their beneficial ownership with the Central Register and Relevant Entities incorporated after 22 June 2019 shall commence providing information to the Central Register within five months of their incorporation.

Relevant Entities must submit their beneficial ownership information through the Central Register's online registration portal - Paper submissions are not accepted and no fees are charged.

The launch of the Central...

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