• UBO register declaration period extended: from analysis to declaration in 5 steps
Articles:

UBO register declaration period extended: from analysis to declaration in 5 steps

09 August 2019

In the fight against money laundering and the financing of terrorism, Belgium introduced the so-called UBO register last year. Initially companies, trusts, NPOs (Belgian and international), foundations, etc. were given until the end of March 2019 to submit the information about their ultimate beneficiaries (Ultimate Beneficial Owners or UBOs) to the register. In the meantime, this period has been extended to 30 September 2019. BDO sets out all the hands-on steps that you need to take in a clear brochure. Here is a brief explanation of the issue to get you started…