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

OCWM Law held a briefing session on the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 (“Regulations”). The Regulations apply, inter alia, to a relevant entity incorporated in the State (unless that entity is subject to disclosure requirements in respect of regulated markets or is subject to any equivalent international standards). The Regulations require that all relevant entities must maintain their own beneficial ownership register and file the details of the beneficial owners of the company in the Central Register of Beneficial Owners which will be maintained by the Registrar of Companies (“Central Register”). All existing relevant entities must file their beneficial owner details by 22 November 2019 in the Central Register. If you require further information on the Regulations please contact Michael Walshe or Edel Conway of this office.