Austria (AT)

Jurisdiction Overview

IDQuestionAnswer
480 *BO Update: Is the update of beneficial ownership information mandatory for all partners? Yes
 Data Date: 2018

Notes

 
In 2018, the Global Forum informed that "the legal entities must carry out a review of the due diligence at least once a year, and check whether the beneficial owners listed in the Register are still up-to-date" (GF 2018: 33); also, "amendments to the information supplied must be submitted within four weeks of obtaining knowledge of the change" (Ibid.: 36).
 
The 2017 law requires beneficial ownership to be updated (schoenherr.eu).

Sources

GF 2018: 33; 36
 
https://www.schoenherr.eu/publications/publications-detail/beneficial-ownership-register-to-be-introduced-in-austria/
 
https://www.ris.bka.gv.at/GeltendeFassung.wxe?Abfrage=Bundesnormen&Gesetzesnummer=20009980