Central Registry of Beneficial Owners
March 5th, 2021 Posted by kalegalservices News 0 thoughts on “Central Registry of Beneficial Owners”Following the Obstruction and Combating Money Laundering Activities Law of 2007-2019 as amended in 2018 voted by the Cyprus Parliament, a legislation which resulted from the mandatory 4th European AML Directive (EE 2015/849) for the prevention of the use of the financial system for money laundering activities or for the financing of terrorism, we would like to inform you that the Cyprus Council of Ministers has appointed recently the Cyprus registrar of Companies as the appropriate governmental department to proceed with the establishment of a central registry of beneficial ownership of companies and other legal entities existing in its records in Cyprus. The collection of all the necessary information will begin on 16/03/2021 on a platform which will be established by then by the registrar and is expected to be completed in the following 6 months.