Neodyum Miknatis
amateur porn
implant
olabahis
Casino Siteleri
Kayseri escort
canli poker siteleri kolaybet meritslot
escort antalya
istanbul escort
sirinevler escort
antalya eskort bayan
brazzers
Short Reads

Stibbe launches UBO Webtool

Stibbe launches UBO Webtool

Stibbe launches UBO Webtool

14.01.2020 EU law

"Determine your UBO for the three Benelux countries" 

  • In Luxembourg, companies and other legal entities have been required to register their UBO(s) since 31 August 2019. 
  • In Belgium, the UBO register is also already operational. Although 30 September 2019 was the formal deadline for registration, Belgian authorities announced they would begin policing non-compliance as from 1 January 2020.
  • The Dutch legislator did not meet the implementation deadline. We expect that the law will not enter into force prior to 1 March 2020.

Fourth Anti-Money Laundering Directive

The obligation to establish UBO registers derives from the Fourth Anti-Money Laundering Directive (Vierde Anti-Witwasrichtlijn), as amended by the Fifth Anti-Money Laundering Directive.

Who is a UBO (or pseudo-UBO)?

According to the directive, a UBO is a natural person who ultimately owns or controls the corporate or legal entity. An entity can have more than one UBO. If, after having exhausted all possible means and provided there are no grounds for suspicion, the UBO cannot be determined under these rules, or there is any doubt regarding the identity of the UBO, the senior management of the entity will be considered its UBO(s) (this is known as a "pseudo-UBO").

Obligation to register UBO information

Companies and other legal entities are obliged to register and maintain information about their UBOs in the national UBO registers. This information includes details such as the UBO's name, date of birth, nationality, state of residence, and the nature and extent of the economic interest held by the UBO.

UBO Webtool

The information required to be registered, and the conditions under which a natural person can be considered a UBO, differ between EU Member States. To guide you through these requirements and conditions, we have created the Stibbe UBO Webtool

In addition to containing all latest developments on the UBO register, we have made the laws and regulations regulating UBO registrations in Belgium, Luxembourg and the Netherlands transparent by creating a tailor-made questionnaire. This will help you discover which natural persons can be assigned as UBO for your organisation in the relevant jurisdiction. It also explains what information must be registered in the UBO register in these three Member States.  

The UBO Webtool is made available on MyStibbe, our platform for knowledge sharing and online collaboration. Create your own account to gain access to this tool and other exclusive content. Also, set your own preferences to receive personalized email notifications.

Sign me up for MyStibbe

Team

Related news

12.11.2020 NL law
Wetsvoorstel Wet Bestuur en Toezicht Rechtspersonen aangenomen door de Eerste Kamer

Short Reads - Op 10 november 2020 is het wetsvoorstel Wet bestuur en toezicht rechtspersonen (“WBTR”) door de Eerste Kamer aangenomen. Na de publicatie van het voorlopig verslag op 31 maart 2020 lag de behandeling van het wetsvoorstel geruime tijd stil. Op 28 oktober 2020 werd de memorie van antwoord gepubliceerd. De volgende stap is publicatie van de wet in het Staatsblad. De verwachting is dat de WBTR op 1 januari 2021 in werking treedt.

Read more

02.12.2020 EU law
Muriël Rosing on panel for GIR Interactive Regional Spotlight

Speaking slot - The Global Investigations Review (GIR) is organising the ‘GIR Interactive Regional Spotlight’ from 7 to 10 December 2020. During the conference on 8 December, Muriël Rosing will attend ‘Europe day’ and speak at the panel “The view from continental Europe – key trends impacting compliance and investigations”.

Read more

05.11.2020 NL law
IJsbrand van Straten appointed as civil-law notary

Inside Stibbe - IJsbrand van Straten will be appointed as a civil law notary by the District Court in Amsterdam on 5 November 2020. IJsbrand is a specialist in (notarial) corporate law and advises on international transactions (including cross-border deals), private equity and restructurings. IJsbrand has been a partner with Stibbe in Amsterdam since the beginning of this year, and previously worked for Stibbe in London and New York. Together with Manon Cremers, he leads a team of 23.

Read more