December 2022 – The requirement to file information on the ultimate beneficial owners (UBOs) of legal entities was introduced by the Law of Ukraine "On Prevention and Counteraction of Legalization (Laundering) of Criminal Proceeds, Financing of Terrorism and Financing of the Proliferation of Mass Destruction Weapons" dated 06.12.2019 No. 361-IX.
With the start of the full-scale invasion by the Russian Federation and the introduction of martial law in Ukraine, the requirement to disclose information about UBOs was suspended.
On 6 September 2022, Ukraine's Parliament adopted the Law of
Ukraine "On Amendments to Certain Laws of Ukraine on Improving
the Regulation of Ultimate Beneficial Ownership and the Ownership
Structure of Legal Entities" No. 2571-IX, which comes into
force on 29 December 2022 and introduces a number of changes to the
procedure for disclosing the ownership structure and information
about UBOs.
Anastasiya Bolkhovitinova (Counsel) and
Larysa Gorbunova (Associate) provide an overview
of the recent changes in an article, which was published in issue
№45 of "Yuryst & Zakon"
("Юрист і
Закон") on 17 November 2022 and
is available in the Ukrainian language only.
Please click here to read the whole article.
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