Slovenian beneficial ownership information and registration according to the 4th anti-money laundering Directive
The fourth Anti-Money Laundering Directive (Directive EU 2015/849 of 20 May 2015) was transposed into Slovenian law with the adoption of the new Prevention of Money Laundering and Terrorist Financing Act (Zakon o preprečevanju pranja denarja in financiranja terorizma; “ZPPDFT-1”), which entered into force on 19 November 2016.
The business entities are obliged to:
- identify the information about beneficial owners,
- establish and manage an accurate record of information about beneficial owners,
- store the data and documents about beneficial owners for a period of five years, and
- enter the information about beneficial owners into the register of beneficial owners.
The following information about beneficial owners is entered into the register of beneficial owners:
- personal name,
- address of permanent and temporary residence,
- date of birth,
- tax number,
- nationality,
- amount of ownership or other means of supervision, and
- date of registration and deletion of the actual owner from the register.
The business entities are obliged to enter the information about beneficial owners and any changes to this information into the register of beneficial owners within eight days from the entry of the business entity into the business register or the tax register if they are not registered in the business register or within eight days from the occurrence of the change of information.
Already established and registered business entities shall determine information on their beneficial ownership within one year after the ZPPDFT-1 entered into force (which means until 19. November 2017) and shall enter these information into the registry of beneficial ownership within 14 months after the ZPPDFT-1 entered into force (which means until 19. January 2018).
Obliged entities shall determine information on their clients’ beneficial ownership within two years after the ZPPDFT-1 entered into force (which means until 19. November 2018).
The information on personal name, address of permanent and temporary residence, amount of ownership or other means of supervision and the date of registration and deletion of the actual owner from the register is publicly available and free of charge on the website of the registry administrator.
In addition to the right to access publically available information law enforcement agencies, courts, legal entities upon conducting a KYC test as well as entities who prove a legitimate interest in money laundering, terrorist financing and related criminal offences shall also have the right to access data on the date of birth, tax number and the nationality of beneficial owners.
The register of beneficiary owners has already been established and already accepts registrations. The register of beneficiary owners will be publically available from 19. January 2018.
Image credit: Designed by katemangostar / Freepik
