Share on LinkedInShare on LinkedIn

ARTICLE · 22 FEBRUARY 2019

Obligatory UBO Registration Delayed Yet Again

Dentons
Dentons
Contributor
Dentons

Dentons

The Firm Across over 80 countries, Dentons helps you grow, protect, operate and finance your...

View firm profile
Explore more from Dentons

The Belgian Minister of Finance, Alexander De Croo, announced that the deadline for the obligatory registration of Belgian entities in the Ultimate Beneficial Owner (UBO)

United KingdomGovernment, Public Sector

The Belgian Minister of Finance, Alexander De Croo, announced that the deadline for the obligatory registration of Belgian entities in the Ultimate Beneficial Owner (UBO) register will be postponed until September 30, 2019 (before it was March 31, 2019). This delay is due to uncertainties regarding the scope of the obligation and IT issues for the online registration. Currently, the obligation exists for all companies, partnerships, non-profit organisations, trusts, fiduciaries and foundations.

The obligation to register Belgian entities in the UBO register stems from the anti-money laundering act, which transposes the fourth anti-money laundering directive (EU 2015/849) into Belgian law. Knowing who effectively is behind a legal entity is important to step up the fight against money laundering and the financing of terrorism.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Dentons is the world's first polycentric global law firm. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways. Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentons knows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world's largest law firm, Dentons' global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in more than 125 locations serving 50-plus countries. www.dentons.com.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from