European Union (Anti-Money Laundering: Beneficial Ownership Of Corporate Entities) Regulations 2019

• Jurisdiction: Ireland
• Citation: IR SI 110/2019
• Year: 2019

STATUTORY INSTRUMENTS.

S.I. No. 110 of 2019

________________

EUROPEAN UNION (ANTI-MONEY LAUNDERING: BENEFICIAL

OWNERSHIP OF CORPORATE ENTITIES) REGULATIONS 2019

2 [110]

S.I. No. 110 of 2019

European Union (Anti-Money Laundering: Beneficial Ownership of Corporate

Entities) Regulations 2019

I, PASCHAL DONOHOE, Minister for Finance, in exercise of the powers

conferred on me by section 3 of the European Communities Act 1972 (No. 27

of 1972) and for the purpose of giving effect to Article 30 of Directive (EU)

2015/849 of the European Parliament and of the Council, of 20 May 20151, as

amended by Article 1(15) of Directive (EU) 2018/843 of the European

Parliament and of the Council of 30 May 20182, hereby make the following

regulations:

Part 1

Preliminary and General

Citation and commencement

1. (1) These Regulations may be cited as the European Union (Anti-Money

Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019.

(2) Subject to paragraph (3), these Regulations shall come into operation

on the date of their making.

(3) Part 3 shall come into operation on the date that is 3 months after the

date of the making of these Regulations.

Interpretation

2. (1) In these Regulations -

“Act of 2010” means the Criminal Justice (Money Laundering and Terrorist

Financing) Act 2010 (No.6 of 2010);

“beneficial owner”, in relation to a relevant entity, has the meaning given to it

by point (6)(a) of Article 3 of the Directive;

“beneficial ownership register” shall be construed in accordance with

Regulation 15(1);

“central register” shall be construed in accordance with Regulation 19(1);

“company” means a company formed and registered under the Companies Act

2014 (No.38 of 2014) or an existing company within the meaning of that Act;

“competent authority” means a competent authority as that expression, by

virtue of sections 60 and 61 of the Act of 2010, is to be construed for the

purposes of Part 4 of the Act of 2010;

1 OJ No. L141, 5.6.2015, P.73.

2 OJ No. L156,19.6.2018, P. 43.

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 26th March, 2019.