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 framework for registering beneficial owners. Such notification is essential with any legal entity operating in South Africa, and it helps to promote transparen

The Legislation governing beneficial ownership within South Africa are designed to strengthen transparency and counter financial crime. A beneficial owner is an individual or organization that ultimately benefits from control over a company. Unveiling these individuals is crucial for compliance purposes and helps shed light on the true stakeholders