Don't Forget Malta's UBO Deadline

The first half of the year has passed swiftly, and so has the time within which all registered Maltese entities should have gathered and updated their records on ultimate beneficial ownership (UBO), in order to comply with new Companies Act regulations.

Part of global moves to counter fraud, anti-money laundering (AML) and anti-terrorist financing, the January regulation change means it's now mandatory for companies in Malta to know - and declare to local authorities - who they're doing business with, and who their company's ultimate beneficiary is.

If you're a bit late getting started on this, don't worry. Following is an overview of what is required. And of course, we're here to help if you need local support.