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Obligation of publication in the German transparency register
With the amendment of the Money Laundering Act, the German transparency register will be transformed into a full register. The new regulations apply from 01.08.2021.
All corporations (in particular AGs, GmbHs and UGs) as well as all commercial partnerships entered in the commercial register (in particular OHGs, KGs and GmbH & Co. KGs) are obliged to publish the beneficial owners of their association in the transparency register.
The publication must be made by stock corporations (AG’s) by 31 March 2022 and by the other companies considered as an association by 30 June 2022.
Violations of these and other obligations under the Money Laundering Act are subject to considerable fines.
Who is the beneficial owner?
Section 3 of the AMLA defines the beneficial owner of a company affected as an association as follows:
„Accordingly, beneficial owners are only natural persons who own or control a legal person, other company or legal arrangement or at whose instigation a transaction is ultimately carried out or a business relationship is established.“
Our service
We take care of the publication in the transparency register for your association. For this service we charge a fee per entry of EUR 75.00 plus VAT. If there are more than five beneficial owners, we charge a further EUR 7.50 per additional beneficial owner.
Any fees charged by the registry will be invoiced directly to you, as will the annual fee for maintaining the transparency register.
Please use the contact form below or call your HCSM contact person.
Step 1
Simple assignment
Use our contact form for your non-binding enquiry or contact your HCSM contact.
Step 2
Quick processing
We will send you an engagement letter with a publication proposal based on the information received.
Step 3
Timely registration
Upon receipt of your confirmation, we will make the publication in the transparency register for you.
Step 1
Simple assignment
Use our contact form for your non-binding enquiry or contact your HCSM contact.
Step 2
Quick processing
We will send you an engagement letter with a publication proposal based on the information received.
Step 3
Timely registration
Upon receipt of your confirmation, we will make the publication in the transparency register for you.
Contact form - Publication in the transparency register
Questions and answers on the transparency register
Pursuant to Section 19 (1) AMLA, the following information must be provided for natural persons identified as beneficial owners:
- First name and surname
- Date of birth
- Place of residence
- Nature and extent of the beneficial interest
- all nationalities
Changes must be reported immediately. These include changes in beneficial owners (e.g. surname, place of residence) and changes in the participation structure (change in beneficial owners, changes in the amount of participation).
Registration is mandatory for the associations concerned. Failure to register will be sanctioned with fines.
Our service is aimed at our clients. If you are interested in working with us, please do not hesitate to contact us.
Do you have any further questions?
Please feel free to contact our team or leave us your message via the contact form:
