In Decree No. 123/020 (issued 15 July 2020), Uruguay’s Executive Power retroactively extended the deadline for certain companies to report information about their ultimate beneficial owners, ownership chains and shareholders to the Uruguayan Central Bank.

Background

Companies governed by Laws No. 18,930, No. 19,484 and No. 19,288, and the associated regulatory decrees, (e.g., those with bearer share…