We are pleased to introduce our latest resource, "Establishment of the Register of Beneficial Owners: A Comprehensive Guide." This guide offers a thorough overview of the regulatory requirements in Cyprus for maintaining accurate beneficial ownership information.

Key Highlights:

• Introduction: Overview of Directive (EU) 2015/849 and its requirements for corporate and legal entities.
• The 5th AML Directive and Public Access: Directive (EU) 2018/843 and its impact on public access to beneficial ownership registers.
• Obligations under the AML Law: Requirements for companies and legal entities to maintain and update beneficial ownership information.
• Guide to Submission Obligations
• Reporting Obligations and Deadlines
• Access to the Register of Beneficial Owners: Restricted public access following the CJEU decision and entities with access rights.
• Submission Guidance: Reference to the Registrar of Companies' guidance on the beneficial ownership register.

Conclusion

Our guide is a helpful tool for legal entities and their officers to ensure compliance. For detailed assistance or to discuss filing a recourse, contact our legal team.

Read the full guide on our website here.