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Beneficial ownership is identified via professionals' AML duties, not a public register

Rule record · last verified 22 September 2026

In force. Start date not confirmed in this record.

Rule

TRNC company beneficial-ownership identification is imposed on the professionals forming or administering a company, through AML Law customer-due-diligence duties applying a 25% ownership threshold — not via a direct public beneficial-ownership register for companies as such.[1]

Exceptions

  • Whether RKMMD itself independently collects or publishes beneficial-ownership data for companies, as opposed to the professional-intermediary duty confirmed here, was not established either way.

Applies to

Who:
Investors · Company shareholders

Where this rule comes from

Instrument
Prevention of the Laundering of Proceeds of Crime, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction Law, No. 1/2024, Articles 8, 11, 12
Authority
Assembly of the Republic (Cumhuriyet Meclisi), TRNC
Jurisdiction
Turkish Cypriot administration (TRNC)
Basis
Legislation · asserted by us within this jurisdiction
Verification
Primary source verified. We read the primary text ourselves on 22 September 2026.
Legal review
Not yet reviewed by a named legal reviewer.

History of this rule

  • — Published following Founder approval. (version 1, First published)

Sources for this rule

Numbered in order of first use. Each entry names the kind of source it is and the day we read it.

  1. [1]
    Prevention of the Laundering of Proceeds of Crime, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction Law, No. 1/2024

    Central Bank of the Turkish Republic of Northern Cyprus · Legislation and gazettes · original in Turkish · accessed 19 September 2026 · source record

Cite this record

https://northcyprusreference.com/en/rules/company-beneficial-ownership-via-professional-cdd-not-public-register

Identifier company-beneficial-ownership-via-professional-cdd-not-public-register · Open data · challenge this rule