RCBE
The Central Registry of Beneficial Owners (RCBE) is a fundamental tool for promoting transparency and combating money laundering and terrorist financing. This register aims to identify the beneficial owners of legal entities and other legal structures in Portugal, guaranteeing the traceability and accountability of the true owners behind these entities.
How to Comply with the RCBE:
Registering and Updating Information
Organisations subject to the RCBE must register and keep up-to-date information on their beneficial owners via the RCBE online portal, guaranteeing the accuracy and veracity of the data provided.
Meeting deadlines
It is crucial to meet the deadlines set for the initial registration and updating of information in the RCBE, thus avoiding possible penalties and sanctions for non-compliance.
Collaboration with Authorities
Organisations must cooperate fully with the competent authorities, providing additional information whenever requested and ensuring full cooperation during verification and investigation processes.
The RCBE plays an essential role in promoting transparency and combating financial crime, ensuring that legal entities in Portugal operate in a transparent and responsible manner. By complying with their obligations under the RCBE, companies contribute to a more ethical, secure and reliable business environment.
