Colombia’s tax authority – DIAN – closed 2021 regulating how final beneficiaries are recorded on the Sole Registry of Final Beneficiaries – RUB –, and also regulating the Non-incorporated entity identification system – SIESPJ –. This standard is relevant in the processes of obtaining counterpart information and in due diligence processes for those companies required to implement ML/TF and ML/TF/FPADM prevention and management systems, given all this incorporates new definitions and obligations, not only regarding registration, but also as it pertains to fiscal transparency.
Original Source in Spanish.
