The Anti-Money Laundering and Counter-Terrorist Financing Act of 1 March 2018 was amended a while ago but the effective date of the amendments was supposed to be delayed. This ultimately did not happen and the new law entered into force on 31 October 2021. It spells major changes for all entities required to make beneficial owner disclosures to be registered in the Central Register of Beneficial Owners (CRBR).
See our outline below summarising the most important of those changes for you. We also advise how to minimise the risk of administrative penalty. Feel free to have a read and we will be happy to explain anything that may be unclear for you.
SENDERO Tax & Legal