Tag Archives: discrepancy

30,000 Non-Compliant Companies at the RBO

At a recent meeting of the CRO Forum (an umbrella group for the accountancy, legal and company formation profession liaising with CRO officials) it was revealed that there are 30,000 companies out of a population of 250,000 companies that had not, as at February 2022, filed their beneficial owner details with the Register of Beneficial… Read More


Low Levels of Suspicious Transaction Reports

According to statistics quoted by Chartered Accountants Ireland recently, there are over 2,100 entities registered to make reports on the GoAML website of the Garda Síochana. This is one of the two websites where anti-money laundering (AML) reports must be made in Ireland. The other being the Revenue Commissioners www.ros.ie website. However the surprising aspect… Read More


Oops Non-Compliance

In last week’s blog we alerted readers to the first of the two types of anomaly that ‘designated persons’ are obliged to notify to the relevant registration authority: A discrepancy – there is an error on the Beneficial ownership Register; or Non-compliance – the Beneficial Ownership details on the register are blank (we believe this… Read More


Don’t tell me about Discrepancies

In last week’s blog we alerted readers to the two types of anomaly that can occur on the Register of Beneficial Ownership: A discrepancy – there is an error on the Beneficial ownership Register; or Non-compliance – the Beneficial Ownership details on the register are blank (we believe this to be the case for approximately… Read More


Are you the Beneficial Owner?

The Criminal Justice (Money Laundering and Terrorist Financing) Acts 2010 to 2021 contains the latest list of new responsibilities on ‘designated persons’ (accountants among others) to corroborate the beneficial ownership details of client entities being taken on. Incidentally, the Law Reform Commission has published the consolidated version of this legislation and its available at this… Read More