News on Ultimate Beneficial Owners: European Regulation 1,624/2024 and Its Impact on Companies and Other Legal Entities Introduction In the context of combating money laundering and terrorist financing, the European Union has adopted Regulation 1,624/2024, which introduces significant changes concerning the identification and transparency of the ultimate beneficial owners of legal entities. This regulation will...
Regulation (EU) 2016/679, known as the General Data Protection Regulation (GDPR), establishes strict rules for the processing of personal data, applicable to every company in its capacity as a personal data controller. It introduces severe penalties for non-compliance with data protection provisions, so the following will present the types of penalties that can be imposed...
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