Obligations of companies and other entities seated in Greece in relation to their beneficial owners

Earlier this year, the long-expected Law 4557/2018 re: prevention and suppress of money laundering and terrorist financing (incorporation of Directive 2015/849/EU) and other provisions was finally voted by the Greek Parliament and published in the Government Gazette (139/A/30.07.2018). The law incorporates EU Directive 2015/849/EU into the Greek legislation, and includes –among others- specific and detailed provisions in relation to the obligations of Greek entities to name and keep accurate data about their beneficial owner(s) at all times.