Beneficial Ownership Information - New regulations came into force on 1 January 2018 for trusts, companies, associations and foundations.

NEWS

22 Jan 2018

 

As from 1st January 2018 the following regulations came into force implementing the relevant provisions on beneficial ownership information under the 4th Anti Money Laundering Directive which Directive aims to boost tax transparency, fight tax evasion, prevent money laundering and the financing of terrorism by identifying any natural person who exercises ownership and control over a legal entity, express trust, foundations or associations:

Relevant for companies:

Companies Act (Register of Beneficial Owners) Regulations, 2017

Relevant for trusts:

Trust and Trustees Act (Register of Beneficial Owners) Regulations

Relevant for foundations:

Civil Code (Second Schedule) (Register of Beneficial Owners – Foundations) Regulations

Relevant for Associations:

Civil Code (Second Schedule) (Register of Beneficial Owners – Associations) Regulations

For further information on the Regulations and the Beneficial Owner Register please contact privateclient@whpartners.eu or corporate@whpartners.eu