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The law of September 18th 2017 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing and limitations to the use of cash introduces the establishment of a register of beneficial owners in Belgium.
The beneficial owners of a company are the natural person(s) who ultimately own or control the company.
They must be registered in the register of beneficial owners within 30 days of the company's incorporation. If they fail to do so, the legal representatives may be subject to an administrative fine.
For more information, please visit the website of the FPS Finance.