Key measures now in effect include:

• Mandatory annual update of the Ultimate Beneficial Owner (UBO) Register, ensuring that information on the real individuals behind corporate structures is current and accessible to regulatory authorities;
• Stricter due diligence procedures, requiring more detailed documentation and additional checks for transactions exceeding specific thresholds, particularly those involving related parties or high-risk jurisdictions;
• Harsher penalties for non-compliance, including higher fines, restrictions on access to tax benefits, or disqualification from public tenders in cases of incomplete or inaccurate reporting;
• Expansion of the law’s scope, covering not only large corporations but also SMEs, foundations, associations, cooperatives, and any entity with a formalized corporate structure.

These obligations are more than administrative formalities—they signal a structural shift in how organizations are expected to manage corporate information and internal processes. The emphasis moves from basic documentation compliance to the real accountability of beneficial owners and financial traceability.