On July 18, 2019 was published in the Official Gazette Law no. 129/2019 on the prevention and combating of money laundering and terrorist financing, as well as on amending and completing some normative acts, which stipulates a series of extended obligations regarding the companies that have to disclose information regarding the real beneficiary of their activities.
Thus, legal entities subject to registration in the Trade Registry, with the exception of autonomous companies, national companies and societies and companies wholly or majority owned by the state, file at registration, annually, or whenever a change occurs a statement regarding the real beneficiary of the legal entity, for registration in the Registry of the real beneficiaries of the companies.
Failure to comply with the obligation to file the statement is a contravention and is sanctioned by a fine of 5,000 lei to 10,000 lei.
Obligations regarding the own-liability statement regarding the actual beneficiary also applies to associations and foundations registered in the Register of Associations and Foundations.
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