In line with the EU’s anti-money laundering directives, beneficial ownership registers have now been introduced in many EU countries, including Ireland, which launched its Central Register of Beneficial Ownership (RBO) – logging the ultimate beneficial owners of Irish corporate entities – on 29 July 2019.
But what does this mean for Irish businesses, in practice? Who is affected? What needs to be done, and by when? And what will happen if compliance isn’t achieved? I aim to answer each of these questions in my new guest article on the IoD Ireland blog:
For further information on beneficial ownership register requirements in Ireland and in the Netherlands, Belgium and Luxembourg, click here.