Due diligence to comply with requirement to submit beneficial owners details to register of beneficial owners
The Department of the Registrar of Companies and Intellectual Property announced that an official of a company or other legal entity will not be subject to penalties if he or she exercises due diligence to comply with the requirement to submit beneficial owners details to the register of beneficial owners.
The department also clarified that:
Read a March 2024 report prepared by the KPMG member firm in Cyprus