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- Ελληνικά
The Department of the Registrar of Companies and Intellectual Property (TEEDI), following its announcement dated 8 February 2024, informs that:
1. All companies incorporated or registered under the Companies Act, Cap. 113, all European Public Limited Liability Companies (SEs) and all Partnerships (hereinafter referred to as Organizations) or their officers/partners are invited to enter the final resolution system on or before March 31, 2024 and update the Register of Beneficial Owners (ROG), either with Beneficial Owners' details, or by declaring their exemption under paragraph 3(1)(a)(b) of the CPD112/2021 as amended, or by exercising their Right of Custody.
2. From 1 April 2024, failure to comply with the above will result in the imposition of fines and other penalties in accordance with the provisions of the Prevention and Combating of Money Laundering Act and Directive KD112/2021, as amended and in force.
3. From 1 April 2024, all of the actions below will be available and failure to comply with them will result in financial penalties as follows:
- Update PPA
- Within 45 days of the day the change in Beneficial Owners comes to the attention of the Organization or its officers/partners, the PPA must be updated. - Within 90 days of the establishment of a new Agency, the Agency or its officers/partners should update the IMI with details of Beneficial Owners.
- Confirmation of Actual Beneficiaries
- From 01/10 to 31/12 of each year the Organisations or their officers/partners should confirm the data in the PSI.
- Mismatch
- Within 30 days of the sending of an electronic notification by the TEHRC to the Agency of the existence of a request for a mismatch, the Agency or its officers/associates should take the appropriate action in the electronic MIS system in response to the notification.
4. As a reminder, the following actions apply:
- Electronic inquiry in the PSI;
- Request for a disclosure exemption.
- Request for access to the data of a minor.
(AF/NZ)
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