Giorgos Agapiou2024-12-20T15:54:18+03:00On 6 December 2024, the Prevention and Combating of Money Laundering (Amendment) (No. 2) Law of 2024 with number L.141(I)/2024 was published, introducing the below amendments:
The penalties for the omission or neglection of the filing / annual confirmation of the UBO Register will only be applicable to the legal entity itself. No penalties will additionally be applicable to each of the directors or the secretary.
A director of a company, which omits or neglects its UBO filing obligations, is jointly and/or severally liable with the company for the payment of the penalty imposed on the company;
The applicable penalties have been revised as follows:
One Hundred Euros (€100) instead...
