About

In Gibraltar, the Register of Ultimate Beneficial Owners (UBO) is a critical component in the fight against money laundering and terrorist financing. Established under the Register of Ultimate Beneficial Owners, Nominators and Appointors Regulations 2017, this register mandates that all legal persons incorporated in Gibraltar collect, maintain and report accurate and up-to-date information on their ultimate beneficial owners.

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FAQs and Guidance

• FAQs
• Getting Started: From incorporation to UBO submission
• RUBOR Guidance: How to identify a beneficial owner

Application for Exemption (Reg. 31)

Where exceptional circumstances exist, a beneficial owner in accordance with RUBOR, or a legal person incorporated in Gibraltar on behalf of its beneficial owner, may apply to the Registrar to withhold disclosure of the relevant details to obliged entities and members of the public.

Exceptional circumstances are defined in Regulation 32 as a potential risk to the beneficial owner of;

1. fraud;
2. kidnapping;
3. blackmail;
4. violence; or ;
5. intimidation.

Applications must be made in writing by email to uboregister@gibraltar.gov.gi and must include supporting evidence for the request to be considered. If your application is unsuccessful, you may seek permission to appeal to the Supreme Court within 28 days of the Registrar’s notification.

Statistics
Number of exemptions granted under Regulation 31 for the last 5 years:

Report Inconsistencies / Discrepancies

In accordance with Regulation 26A of RUBOR, obliged entities must report inconsistencies or discrepancies identified within the Register within 30 days of its discovery.

Please complete this form and send it to uboregister@gibraltar.gov.gi.

Please be advised the Register may request further information or clarification from the reporting entity, but the Registrar will not provide any updates or confirmation of any measures taken.

Data Access Requests

If you are a competent authority and require further information on a Gibraltar registered entity please contact admin@gfiu.gov.gi

Compliance and Penalties

Gibraltar incorporated legal persons must ensure that they hold accurate and up to date information on their beneficial owners, and that this information is reported and maintained up to date at the Register of Ultimate Beneficial Owners.

Failure to comply with the requirements set out in RUBOR, for example not providing the necessary information or providing false information, may initiate enforcement action by the Registrar.

The Registrar committed to ensuring that the approach to enforcement is fair and proportionate.

Through enforcement the Registrar seek to achieve:

1. Credible deterrence of unacceptable behaviours by way of real and meaningful consequences;
2. Control and, ultimately, removal of specified persons that pose an unacceptable risk;
3. Raised awareness of statutory standards and obligations; and
4. Prevention of financial crime from non-compliance.

An investigation will be initiated where we have concerns about a specified person’s failure to comply with RUBOR requirements.

The enforcement of compliance is carried out through the following mechanisms:

1. Issuance of Warning and Restriction Notices
2. Civil Penalties
3. Criminal Penalties
4. Recovery of Penalties through Court
5. Court Orders for Compliance