RSM Poland


Legal news

If taking business decisions is your daily practice and you are looking for reliable information and a practical guide to commercial companies law, subscribe and follow carefully our legal insights. Here you will find the most valuable and up-to-date content related to company incorporation, company liquidation, and corporate governance that may have a material effect on your business, presented in a concise and practical form

Central Register of Ultimate Beneficial Owners is up and running. Register to avoid penalty

28 October 2019
On 13 October 2019, as a result of the entry into force of provisions of the Act of 1 March 2018 on countering money laundering and terrorist financing, uniform text of 16 May 2019 (Journal of Laws of 2019, item 1115, as amended, hereinafter referred to as “the Act”), which we discussed in the article Central Register of Ultimate Beneficial Owners, i.e. Transparency Above All, the CRUBO became operational, being a system for collecting and processing the information on ultimate beneficial owners, i.e. natural persons who either directly or indirectly control a company. The establishment of the Central Register of Ultimate Beneficial Owners is going to materially affect the operation of many businesses.