According to recent reports, new beneficial ownership identification requirements in Senegal were issued on 23 March 2023. This includes that all taxable and non-taxable entities must maintain a register identifying all beneficial owners at their headquarters in Senegal. For this purpose, a beneficial owner is defined as a natural person meeting any one of the following conditions: holds directly or indirectly more than 25% of the capital or voting rights of the entity, which is reduced to just 2% for the mining sector; exercises control over the management or executive bodies of the entity, as well as over the general...