Ukraine strengthens rules on mandatory ultimate beneficial owner and ownership structure discrepancy reporting

14 February 2025|Tax Alerts, National/Federal Taxation, Global|Ukraine

Primary financial monitoring entities now must notify the Ministry of Justice of Ukraine of discrepancies in ultimate beneficial owner and ownership structure information that they observe with regard to their clients/partners.
If the information is found to be inaccurate, a note on potential inaccuracy may be added to the Ukrainian Company Register,¹ and if the information remains unverified, it may be removed from the register altogether.
Businesses facing this "potential inaccuracy mark" must t…

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