New declaration of beneficial owner mandatory for all companies

New declaration of beneficial owner mandatory for all companies.

The new Romanian anti- money-laundering legislation obliges all companies or subsidiaries which are registered with the Romanian Commercial Register, but also associations and foundations, to disclose their beneficial owner.

As the form for the declaration of the beneficial owner at the Commercial Register has been published, during the next months, action is required for all businesses registered with the Romanian Commercial Register.

Please find the special announcement here.