Last updated on June 9th, 2022 at 07:16 am
The release of the information added on the UBO Registry in Cyprus is divided to two phases:
Phase 1.
During the first 12-month reporting period, i.e., starting from 12.03.2021 to 12.03.2022, only Cyprus competent supervisory authorities such as the Financial Intelligence Unit (FIU) of Cyprus, the Customs Department, the Tax Department and the Police will have unrestricted access to the online UBO Register without notifying the Obliged Entity.
Phase 2.
Following the end of the first reporting period, i.e. after 12.03.2022 online access to the UBO Register will be granted to the following: –
Cyprus Competent Supervisory Authorities (defined above).
Obliged entities, in the context of conducting due diligence and identification measures for their client as defined in the AML Law have access to the name, month and year of birth, nationality and country of residence of the Ultimate Beneficial Owner as well as to the nature and extent of the beneficial interest held, following payment of an indicative fee.
All members of general public have access to the name, month and year of birth, nationality and country of residence of the ultimate beneficial owner, as well as the nature and extent of the beneficial interest held, following payment of an indicative fee.
For more information on the UBO Registry please read this link.
