Beneficial ownership is becoming increasingly important in the fight against financial crime. In South Africa, the Companies and Intellectual Property Commission (CIPC) has implemented a new process for registering beneficial owners. Such inclusion is essential to any legal entity operating in South Africa, and it helps to guarantee transparency an

The Regulations governing beneficial ownership in South Africa are designed to promote transparency and mitigate financial crime. A beneficial owner is an individual or structure that ultimately benefits from control over a business. Determining these individuals is crucial for legislative purposes and helps uncover the true beneficiaries behind co