Central Register of Beneficial Ownership (RBO) Established in Ireland

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As a major aspect of the fourth EU Anti-Money Laundering Directive, the Irish government are enforcing the sharing of Beneficial Ownership data with a central register of info. Mandatary filing by all companies in Ireland must take place next month by 22nd November 2019.

Inability to file with the Central Register of Beneficial Ownership (RBO) as per the enactment could bring about a fine of up to €500,000 and potential prison charges.