The Central Register of Beneficial Ownership, as provided for in the EU (Anti-Money Laundering Beneficial Ownership of Corporate Entities) Regulations 2019, has now gone live with effect from 29 July 2019.
The deadline to file information on the Central Register is 22 November 2019. Therefore, companies should take immediate action to file their beneficial ownership information prior to this date. They should also identify any beneficial owners or senior managing officials, who have not been issued with a PPSN and are therefore, now obliged to follow the new BEN2 process announced by the Registrar.
Click here for more details on the information to be filed on the Central Register and the penalties and sanctions for failure to comply.