Τhe Department of Registrar announced on their website on the 1st of March 2022 that the submission period of beneficial owners data is extended to 31.07.2022.
The obliged entities are hereby reminded that subject to the provisions of the Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing R.A.A. 112/2021 , each corporate and other legal entity and each of its officials shall take all reasonable steps to obtain and maintain adequate, accurate and up-to-date information regarding the beneficial owners of the corporate and another legal entity, including:
Provided that where after exhausting all possible means and provided that there are no reasonable suspicions, no natural person is identified as the beneficial owner or if there is a doubt whether the person identified is indeed the beneficial owner, the details under (a) to (e) above of the natural person who holds the position of senior management executive shall be acquired and kept by the corporate and other legal entity.
Notwithstanding the criminal liability or prosecution of any person, in the event of failure to comply with any of the obligations referred above, the corporate or other legal entity and each of its officials shall be subject to a fine of two hundred Euros (€ 200) and a further fine of one hundred Euros (€ 100) for each day of continuation of the violation with a maximum charge of twenty thousand Euros (€20,000).
If you need any advice or further information in relation to the Register of Beneficial Owners of Corporate and Other Legal Entities, please contact us at firstname.lastname@example.org or at +357 25 363685.