COOPERATIVES AND THE BENEFICIAL OWNER LEGAL REGIMES
DOI:
https://doi.org/10.35869/ces.v0i40.1386Keywords:
beneficial ownership, beneficial ownership registers, «legal owner», cooperatives, breach of the law and sanctionsAbstract
The Portuguese Law n. o 89/2017, 21 st august transposes into the Portuguese legal system the Chapter III of the Directive (EU) 2015/849 of the European Parliament and of the Council of 20 may 2015, regarding the beneficial ownership
information. The Portuguese State complies with its international obligations regarding the «beneficial ownership information» by the legal provisions on the corporate register of beneficial ownership and on the central register of the
beneficial ownership.
This paper highlights the new reporting obligations which are imposed to the legal owner, set forth by the Law n.o 89/2017, and debates the sanctions for the noncompliance of such obligations.
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