Mandatory since 2019, the Central Register of Beneficial Ownership (RCBE) provides for some declarative obligations in a context of increasing regulation and transparency, with the main objective of identifying who ultimately owns or controls the entities concerned.
Penalties for non-compliance include, in addition to fines, which can amount to EUR 50,000, the impediment to compete for the provision of public services, or from benefiting from support from European funds.
It is therefore important to address this legislative reality and to internally validate its degree of compliance. We recall the main obligations to be fulfilled under this Law:
- Initial declaration: 30 days after registration of the constitution of the legal person or the first registration in the Central File of Legal Persons;
- Update of the information: 30 days from the date of the fact that determines the change;
- Annual confirmation of the information: until December 31, or when submitting simplified business information (HEIs), as applicable.
False declarations for the purposes of registering a beneficiary, in addition to incurring criminal liability, are civilly responsible for the damage caused.
How can Moneris help?
Moneris has operationally supported the processes and procedures in organizations, as well as the identification of opportunities for improvement, presenting proposals to restrict the risk of imposing fines and ancillary penalties by the competent official authorities.
To request more information about these services and thus jointly define a solution tailored to your needs contact your manager Moneris or use the usual means of communication: email@example.com | 210 316 400.