On 8 January 2019, Peru published Supreme Decree No. 003-2019-EF, which provides implementing regulations for the ultimate beneficiary disclosure requirements introduced by Legislative Decree No. 1372 in August 2018 ({News-2018-08-22/A/7-previous coverage}). The Supreme Decree sets out rules on: The required information on ultimate beneficiaries, including name, country of residence, date of birth, tax ID, participation percentage, etc.; The determination of ultimate beneficiary status, including that the conditions provided in the Legislative Decree are not alternative options, but must be applied in order, so that if the first condition is not met, the next condition is applied, and so on; and...