Ensuring business compliance is essential. A key element of this compliance is identifying the beneficial owners of your corporate customers. But who are these beneficiaries, and why is it crucial to know who they are? Eunomart is here to help you achieve compliance, giving you peace of mind.
Who are beneficial owners?
Beneficial owners are individuals who own or control, directly or indirectly, more than 25% of a company's capital or voting rights, or who exercise control over the management of that company. In other words, these are the individuals who hold a significant influence over the company's decisions and operations.
Why obtain information on beneficial owners?
Knowing who the beneficial owners are is essential for a number of reasons:
Compliance with legal obligations: The fight against money laundering and the financing of terrorism (LCB-FT) imposes strict obligations in terms of transparency. Identifying beneficial owners helps to comply with these legal requirements.
Risk prevention: By knowing the true owners of companies, you can better anticipate and prevent the financial and legal risks that could affect your business.
Enhanced transparency: Clear identification of beneficial owners strengthens trust with your business partners, creating stronger, more transparent relationships.
Obligation to report discrepancies
If you find any discrepancies between the information obtained and that contained in the register of beneficial owners, it is imperative that you report the discrepancy to the court. This must be done via the dedicated Infogreffe portal(https://www.infogreffe.fr/services/portail-des-divergences). This step is crucial to ensure compliance and avoid legal liability.
Our module for identifying beneficial owners
To simplify this process, we have developed a free module for identifying beneficial owners, accessible directly from the customer file of your legal entity customers.
Here's how to use it:
Access the customer file of your legal entity customer.
Enter the SIREN number.
Let our module automatically find the beneficial owners.
What documents do I need to obtain about beneficial owners, and why?
Identification of beneficial owners:
Why: to verify the identity and integrity of beneficiaries and prevent the risk of fraud and money laundering.
Proof of the company's existence (less than 3 months old):
Why: To confirm that the company is in business and in compliance with its administrative obligations.
Useful websites for information on legal entities
A number of online resources can help you with this investigation process:
Infogreffe (www.infogreffe.fr): Access legal and financial information on companies registered in France.
Societe.com (www.societe.com): Consult financial statements, company directors and legal data.
Registre du Commerce et des Sociétés (RCS): Obtain Kbis extracts and other official information on registered companies.
Company directory (www.pappers.fr): An additional tool for finding information on French companies.
We hope that this information will help you to better understand and identify the beneficial owners of your corporate clients, thereby enhancing the transparency of your transactions.
If you have any questions or require assistance, please do not hesitate to contact us at [email protected] or by telephone on 07 67 93 54 05.
We're here to help!