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Amendments to the rules for registering ultimate beneficial owners in Austria will go into effect on 10 January 2020

In line with EU requirements on Anti-Money Laundering measures, Austria has updated its rules concerning the registration of Ultimate Beneficial Owners (UBOs). Various provisions of the amendments will come in to force in January 2020, November 2020, and March 2021.

Our experts have summarised the most relevant changes in Austria in this Client Alert. In previous updates, we covered amendments to the UBO rules in other CEE / SEE countries, such as Croatia.

Please contact us to learn more about how these changes may affect your business.

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