Guidelines for Suppliers and Counterparties: Ultimate Beneficial Owners Registration
In accordance with the internal policies of Banco de la República (BANREP) and in compliance with national and international regulations on the prevention of money laundering and the financing of terrorism, suppliers and third parties with whom the Bank maintains or intends to establish a contractual or commercial relationship are required to register and update the information of their shareholders and ultimate beneficial owners through the Ultimate Beneficial Owners System.
To ensure proper compliance with this obligation, Banco de la República provides user guidelines for the system, which describe in detail the conditions, requirements, and procedures for the registration, updating, and management of shareholders’ and ultimate beneficial owners’ information.
This section contains the following guidelines, published according to the type of supplier and the applicable language:
