UBO register: many foundations and associations are not yet registered

28 April 2022 – The deadline for registering in the UBO register has passed. Organisations which are not registered with their UBOs (Ultimate Beneficial Owners or beneficial owners) risk a fine and refusal of service by companies subject to the Wwft, such as banks. As of this moment, the Chamber of Commerce has a backlog of UBOs in processing the registration of UBOs. . Those who have already registered have nothing to worry about.

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