In implementation of EU Directive 2015/849 (the 4th EU Anti-Money Laundering Directive) a centralized registry of Ultimate Beneficial Owners (“UBOs”) of Belgian legal entities has been established
by the law of 18 September 2017 on the prevention of money laundering and terrorist financing and on restriction of the use of cash1 (
the “Law”) and
by the Royal Decree of 30 July 2018 adopted thereunder2 (
the “Decree”).
Pursuant to the Law and the Decree, every company, not-for-profit entity, foundation, trust, fiduciary or other similar Belgian entity (the "Information Providers") is required to collect and hold adequate, accurate and up-to-date information relating to its UBOs.
https://www.jdsupra.com/legalnews/new-belgian-requirements-f...