Tag Archives: Registrar of Beneficial Ownership

Beneficial Ownership – more consistency needed in the EU

In a May 2021 report by Transparency International (TI) called ‘Access Denied? Availability and Accessibility of Beneficial Ownership Data in The European Union’ the authors explain how the great majority of countries across the European Union (24 out of 27) have a private central beneficial ownership information register in place. The three that do not… 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