Reporting absence of registration or any discrepancy in the information provided to the Register of Beneficial Owners

Prior to establishing a business relationship with their client, the professionals concerned must:

• Identify the beneficial owner(s) in accordance with the legal provisions in force (Act no. 1.362 amended)

AND, if this business relationship is a commercial company, an economic interest group that is registered in the Trade and Industry Registry, or a non-trading company that is registered in the special register held by the Trade and Industry Registry service:

• Obtain a copy of registration on the Register of Beneficial Owners

Based on this extract, the professionals concerned must report to the Business Development Agency any discrepancy that may arise between the information provided to the Register of Beneficial Owners and that available to them.
 

The declaration relating to the report must be formalised using the dedicated form and signed by the professional, who submits it to the Business Development Agency.

The form can be downloaded here:

You must include the following documents with your application for it to be considered admissible:

• A form, duly completed and signed (downloadable in step 1)
• Any necessary copies of documents related to the discrepancies identified

You can submit your application:

• By letter, to the Business Development Agency, at the address at the bottom of the page
• To the reception desk of the Trade and Industry Registry of the Business Development Agency, at the address at the bottom of the page
• By email at the following address: divergences.rbe@gouv.mc

In the event that the application is inadmissible, you will receive a letter notifying of the reason(s) for this.
 

For persons and bodies referred to in Articles 1 and 2 of Act 1.362 of 3 August 2009, amended:

• In particular, failure to report any discrepancy between the information in the Register of Beneficial Owners and that available to them shall be punishable by the fine referred to in Article 29, paragraph 4, of the Criminal Code

For legal persons and entities where a discrepancy has been identified:

• If no satisfactory response is received within two months, the Minister of State may refer the matter to the President of the Court of First Instance to obtain an order to correct incomplete or inaccurate information or remove the legal person or entity from the Register