Must discrepancies identified by banks, financial intermediaries and advisers relating to the chain of control always be notified under the Transparency Act (LETA)?
Antwort
Not necessarily. Discrepancies in information relating to persons, legal entities or trusts that form part of the chain of control must only be notified if they give rise to concrete doubts as to the accuracy, completeness or currency of the information on the beneficial owners themselves (Art. 56 lit. c LETO).
Weitere relevante Fragen
Is the Communication Generator free to use?
Yes. The Communication Generator is free to use.
Does every shareholder or member qualify as a beneficial owner?
No. The fact that a company requests information from a shareholder or member does not automatically mean that this person is a beneficial owner. Indirect structures, acting in concert and other means of control may also be relevant.
Does the Communication Generator identify the beneficial owners?
No. The generator supports communication and information gathering. The actual assessment of who qualifies as a beneficial owner and who must be reported to the transparency register takes place afterwards. Konsento’s Transparency Register Reporting Assistant can be used for this assessment.