Peru has published Legislative Decree No. 1372, which introduces new requirements for the disclosure of information on ultimate beneficiaries in line with international standards and recommendation issued by the OECD and the Financial Action Task Force. The requirements include that legal entities resident in Peru must maintain updated information on their ultimate beneficiaries and submit a declaration to the tax authority that provides such information, including the chain of ownership or control, the percentage ownership, etc. For this purpose, ultimate beneficiaries include: Natural persons that directly or indirectly hold at least 10% of the capital of the legal entity; Natural...