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 submitting beneficial owners. That notification is essential to any legal entity operating in South Africa, and it helps to ensure transparency a

The Framework governing beneficial ownership in South Africa are designed to ensure transparency and counter financial crime. A beneficial owner is an individual or entity that ultimately exercises control over a legal entity. Unveiling these individuals is crucial for compliance purposes and helps uncover the true beneficiaries behind companies. S