On 06/12/2024, the Law on the Prevention and Combating of Money Laundering (Amendment) (No.2) Law of 2024, with number N.141(I)/2024, was published. The main amendments are analyzed below:

1. Monetary penalties will only be imposed on the company or other legal entity that refuses, fails, or neglects to fulfill the obligations of submitting information about the beneficial owners, as these obligations arise under the provisions of Law 188(I)/2007 and the directives issued pursuant to it. Monetary penalties will not be imposed on each director and secretary.
2. A director or managing director of a company that refuses, fails, or neglects to fulfill the obligations of submitting information about the beneficial owners is jointly and/or separately liable with the company for the payment of the monetary penalty imposed on the company.
3. The monetary penalties have been revised. Specifically, a monetary penalty of one hundred euros (€100) will be imposed on the first day of the violation and a further monetary penalty of fifty euros (€50) for each day the violation continues, with a maximum total penalty of five thousand euros (€5,000) per company or other legal entity.
4. Addition of a provision that gives the Registrar of Companies the authority to issue a Directive (KDP) to establish the procedure for administrative review and/or submission and examination of an objection against a decision imposing a monetary penalty.
5. Addition of a provision that gives the Registrar of Companies the authority to delete from the register of business entities a company or other legal entity that refuses, fails, or neglects to fulfill its obligations to update the information about the beneficial owners, analogous to the procedure for deleting a company under Article 327 of the Companies Law or subsection (5) of Article 57 of the Partnerships and Trade Names Law.
6. Addition of a provision that gives the Registrar of Companies the authority to apply to the Court for the issuance of an injunction ordering any person to comply with the obligations arising from Article 61A of Law 188(I)/2007 and the directives issued pursuant to it.