Greece Introduces New Penalties for Beneficial Ownership Requirements

Greece has published Law No. 4941/2022, which contains various measures, including revised rules on the requirements to keep and report beneficial ownership information. This includes new penalties for legal persons and other entities that:

• Fail to submit an initial or amending declaration on beneficial ownership information;
• Submit an incomplete or inaccurate initial or amending declaration on beneficial ownership information; or
• Fail to keep the required beneficial ownership information in…