The government, through the Ministry of Justice, Constitutional and Religious Affairs, announced today, Thursday (09), that the deadline for submitting declarations of beneficial owners under the Law on Combating Money Laundering and Terrorist Financing is June 7th.

However, legal entities obliged to declare registered and/or incorporated after March 8, the date of publication of Decree-Law 1/2024, have a maximum of five days after registration or incorporation to declare their beneficial owners.

"After this deadline, these entities will be prevented from carrying out other acts of registration at the Legal Entities Registry Office until they regularize the situation and pay the appropriate fines and, in the event of repeated non-compliance, they may have their registrations cancelled," the note said, quoted by the newspaper Domingo.