Register of Beneficial Ownership of Companies 2022 Annual Report

The Register of Beneficial Ownership of Companies 2022 Annual Report was published recently. Below are the main points from the report. Click here to read the full report https://rbo.gov.ie/about.html

  • by the end of 2022, 239,444 (85%) of companies and 698 societies (74%) had filed beneficial ownership information with the register
  • 22,501 companies and 77 societies registered their beneficial ownership with the RBO for the first time, compared with 28,111 companies and 77 societies in 2021
  • Live companies required to file with the RBO 280,721
  • the RBO issued 6,427 Rejection/GDPR letters to data subjects whose personal details were used in failed RBO submissions. The number of Rejection/GDPR letters in 2021 was 7,027
  • The RBO issued 6,628 e-mail reminders to file beneficial ownership information to entities in 2022
  • 61,160 transactions involving the purchase of Beneficial Ownership reports were completed to a value of € 405,865.50
  • The Registrar began prosecuting non-compliant entities in Q2, 2022. The RBO brought prosecutions for failure to file beneficial ownership information before the Dublin Metropolitan District Court.
    • Five entities were convicted, and each fined €3,000
    • One entity was convicted and fined €1,000.
    • Five entities pleaded guilty, and the Probation Act was applied

 

 

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