Recital 125

(125) Legal entities should take all necessary measures to identify their beneficial owners. There might however be cases where no natural person is identifiable who ultimately owns or exerts control over an entity. In such exceptional cases, provided that all means of identification are exhausted, it should be possible for senior managing officials to be reported instead of the beneficial owners when providing beneficial ownership information to obliged entities in the course of the customer due diligence process or when submitting the information to the central register. Although they are identified in those situations, the senior managing officials are not the beneficial owners. Legal entities should keep records of the actions taken in order to identify their beneficial owners, especially when they rely on this last resort measure, which should be duly justified and documented.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.