Deadline looms for Irish entities to report beneficial ownership

Irish corporate entities founded before 22 June 2019 have until 22 November to report their beneficial ownership information to the Companies Registration Office’s Central Register of Beneficial Ownership of Companies and Industrial and Provident Societies (the Central RBO). Entities incorporated after 22 June must file within five months of incorporation.

Failure to file may result in penalties under the EU (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 (Statutory Instrument No. 110/2019), including fines of up to EUR500,000.

Please click here to read the full article on the STEP website.