Dáil Éireann Debate, Tuesday - 17 February 2026
574. Deputy Carol Nolan asked the Minister for Enterprise, Tourism and Employment the number of discrepancies identified and resolved in the Central Register of Beneficial Ownership of Companies and Industrial and Provident Societies since the enhancements introduced by the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021; and if he will make a statement on the matter. [12649/26]
View answerThe Central Register of Beneficial Ownership of Companies and Industrial and Provident Societies (RBO) was set up under the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 (S.I. 110 of 2019) and contains information regarding the beneficial ownership of entities registered under the Companies Act 2014; and societies, registered under the Industrial and Provident Societies Acts 1893-2021.
Discrepancies in the Central Register of Beneficial Ownership of Companies and Industrial and Provident Societies (RBO) relate to information supplied to the RBO which does not match that held by Designated Persons and Competent Authorities.
Discrepancies are notified to the RBO by Designated Persons and Competent Authorities where they are identified during customer and financial due diligence, or, in the case of Competent Authorities, where discrepancies have been identified during their investigations.
Resolution of discrepancies can be achieved in a number of ways. In the majority of cases, resolution is achieved where updated or corrected information is filed with the RBO. In cases where the entity either fails to communicate or ceases communication with the RBO, the RBO will revert back to the reporting Designated Person or Competent Authorities. A small number of reported discrepancies are either addressed by entities prior to engagement by the RBO; fall outside the scope of the RBO as they do not relate to beneficial ownership information or relate to situations where non-filing is inaccurately reported as a discrepancy.
Since the enhancements introduced by the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021, the RBO has received a total of 11,078 reported discrepancies, noting that the figures included for 2025 are provisional.
The table below outlines the discrepancies received categorised by both Designated Persons and Competent Authorities for each year during the period 2021 to 2025.
|
- |
|
2021 |
2022 |
2023 |
2024 |
2025* |
|
|
Received In total |
687 |
3426 |
2170 |
2265 |
2530 |
|
|
Designated Persons |
669 |
3420 |
2168 |
2265 |
2530 |
|
|
Competent Authorities |
18 |
6 |
2 |
0 |
0 |
|
Details |
|
|
|
|
|
|
|
|
Designated Persons |
615 |
2802 |
1636 |
1848 |
1927 |
|
Issues resolved |
Competent Authorities |
16 |
2 |
0 |
0 |
0 |
|
|
Designated Persons |
54 |
362 |
449 |
331 |
420 |
|
Reverted to notifier |
Competent Authorities |
1 |
1 |
1 |
0 |
0 |
|
|
Designated Persons |
0 |
256 |
83 |
86 |
105 |
|
Outside scope / otherwise addressed |
Competent Authorities |
1 |
3 |
1 |
0 |
0 |
|
Cases ongoing |
Designated Persons |
0 |
0 |
0 |
0 |
78 |
|
|
Competent Authorities |
0 |
0 |
0 |
0 |
0 |
* Provisional figures for 2025
