The law of 18 September 2017 on the prevention of money laundering and terrorist financing and on the restriction of the use of cash provided for the creation of a register of ultimate beneficial owners or UBO register. As of 31 October 2018, companies, non-profit organisations and foundations are required to hold information about their beneficial owners, and managers must supply this information to the Belgian UBO register electronically within one month. However, the deadline for initial submission of data (via the MyMinfinpro portal) has been extended to 31 March 2019.

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