In a significant development for corporate transparency in Cyprus, recent updates to the Ultimate Beneficial Owner (UBO) Register have heightened the emphasis on accurate and timely confirmation of beneficial owners’ information. This move, anchored within the framework of Cyprus’s corporate and company law, seeks to align the jurisdiction with international standards aimed at combating money laundering and enhancing regulatory compliance. Businesses and legal practitioners are urged to take note of the latest requirements and deadlines as authorities intensify enforcement efforts, underscoring the critical importance of maintaining up-to-date and verifiable UBO data.
Confirmation of Beneficial Owners Information Strengthens Transparency in Cyprus Corporate Sector
Recent regulatory updates mandate that all Cyprus-registered companies must periodically verify and update the information of their Ultimate Beneficial Owners (UBOs) within the official registry. This move…
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Author : Isabella Rossi
Publish date : 2025-09-10 19:26:00
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