Acte de bénéficiaire effectif (Effective Beneficial Actions)
What is it?
The Beneficial Ownership Act is a document that identifies and registers the individuals or legal entities that have effective control over an entity or asset, thereby revealing the true ownership behind an investment or property. This document is essential to ensure transparency in corporate structures and to prevent illicit activities.
In the financial and business fields, the purpose of the Beneficial Ownership Act is to combat money laundering, terrorism financing, and other economic crimes. By identifying the ultimate beneficiaries, it ensures that economic activities are legitimate and compliant with international regulations.
European regulations require companies and entities to prepare this document as part of their regulatory compliance. It includes details such as:
- The full name and identification data of the beneficial owner.
- The nature and extent of their participation or control in the entity.
- Relevant information for regulatory authorities.
Key aspects to consider
Compliance with this requirement is part of a global regulatory framework designed to increase trust in financial markets and combat illicit activities. Financial institutions and companies are required to keep an updated record and make it available to the relevant authorities when necessary. In this context, understanding the importance and scope of the Beneficial Ownership Act is essential for operating in a secure and legally compliant economic environment.