Issue 23 of our Irish Company Law Update is now live for subscribers to our online services. This comprehensive update contains expert guidance on the following areas:
- Company law compliance and enforcement;
- Corporate borrowing: debentures and security;
- Corporate civil litigation;
- Liquidators;
- Realisation and distribution of assets in a winding-up;
- Recent scholarly articles;
- Recent developments;
- Shareholders' remedies.
An excerpt from the section on recent developments, which discusses the 2019 AML Regulations, reads:
'In addition to restating existing obligations, the 2019 regulations require each relevant entity to collect the PPS number of each beneficial owner, where they have one. The 2019 regulations also require that a relevant entity grant access to its beneficial ownership register if requested by An Garda Síochána, the Revenue Commissioners, the Criminal Assets Bureau or a competent authority; and that if a relevant entity enters into certain transactions with a ‘designated person’ under the Criminal Justice (Money Laundering and Terrorist Financing) Acts 2010 to 2018, or forms a business relationship with such a ‘designated person’, the relevant entity must give that designated person certain information in respect of its beneficial owners.'
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