UBO / Ultimate Beneficial Owner in Poland

This article outlines the concept of Ultimate Beneficial Owner (UBO) under Polish anti-money laundering law and its relevance to companies operating in Poland. It explains the process for identifying beneficial owners within corporate structures, including multi-tier ownership. The piece also discusses reporting obligations to the Central Register of Beneficial Owners and the penalties for non-compliance. It highlights particular challenges in complex ownership structures and trusts.

  • Defines UBO under the Polish AML Act
  • Explains the reporting deadline of 7 days after registration
  • Covers identification of UBOs in complex corporate structures
  • Discusses UBO in the context of trusts
  • Outlines penalties for non-compliance with reporting obligations

Related practice areas

Corporate LawFintech & Banking

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