On September 24, 2018, amendments to some application forms for state registration of legal entities, individual entrepreneurs and public formations became effective.
Such amendments aimed at tightening control over the disclosure of the legal entities’ beneficial owners.
In view of this, once again the question on the extent to which it would be legitimate obliging the applicant while changing company`s data to disclose to registrar personal data of the companies’ beneficiaries, which ones are not entitled to know, arises.
Ivanna Tabakar, associate at EVRIS, provided her opinion for Yuridichna praktika stating that such a requirement fully conforms with international anti-money laundering and counter-terrorism practices, including EU directives.
Thus, disclosing personal data of the companies’ beneficiaries and adding it to the USR is legal and lawful.
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