What Prompted These New Rules? Early in 2023, South Africa was placed on the Financial Action Task Force (FATF) “grey list,” signaling concerns about the country’s efforts to counter money laundering and the financing of terrorism. In response, the government swiftly enacted the General Laws (Anti-Money Laundering and Combating Terrorism …
Bongani Manjanja
CIPC Step-by-Step Guide to Non-Affected Beneficial Ownership Filing
Introduction The Companies and Intellectual Property Commission (CIPC) requires companies and close corporations to keep a Beneficial Ownership (BO) register and file the relevant information. If you are a Non-Affected Company with more than 5% beneficial ownership to declare, this guide will show you how to file your BO information easily using CIPC’s new …