DATA REGISTRATION

Deadline for data registration of beneficial owners of non-profit entities (ASBL, AISBL, Foundations): 31 March 2019

The law of 18 September 2017 (on the prevention of money laundering and terrorist financing and the limitation of the use of cash) imposes on the heads of non-profit entities (non-profit associations, international non-profit associations and foundations) information disclosure requirements as to the identity of their beneficial owners.

The persons concerned are the following individuals: members of the board of directors and day-to-day management officers, persons authorized to represent the entity, founders of a foundation, natural persons or category of natural persons for whose benefit the entity has been created or any other natural person exercising ultimate control over the entity.

This information must be registered online with the Ministry of Finance (UBO register - "Ultimate beneficial owner").

The registration of the data must, under penalty of sanctions, be carried out by 31 March 2019.

Information about the UBO register: https://finances.belgium.be/fr/CIFI

Contact: dbo@daldewolf.com