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.