On 1 July 2019, significant amendments to the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing (AML Law) came into force. The amendments supplement the AML Law with new subjects of beneficial owners’ (BO) disclosure obligation and new rights of the Company Register: to request supporting documentation on the BO of […]
The Commercial Law and the Law on the Prevention of Money Laundering and Terrorism Financing (AML Law) were amended this November. The amendments exclude shareholders’ obligation under the Commercial Law to disclose their company’s beneficial owner (BO). Now, the disclosure requirement has been completely revised and transferred to the AML Law. As these amendments affect […]
