Shedding Light on the Filing of Beneficial Ownership to CIPC
CPD Hours: 1
Price: Complimentary
Shedding Light on the Filing of Beneficial Ownership to CIPC
Presenters : Nadia van den Heever
Overview
The CIPC is mandated by the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022 to collect information on beneficial ownership of legal persons within its register. This amendment to the Companies Act was brought about to address the deficiencies that were highlighted in the Financial Action Task Force (FATF) mutual evaluation report of South Africa published in October 2021.
Learning objectives
By attending this webinar you will gain the following competencies:
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Understand the legislative framework and compliance requirements of beneficial ownership.
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Gain insights into best practices for managing and organising beneficial ownership information.
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Gain clarity on the register's specific filing requirements to ensure accurate and timely submission of information.
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Recognise the implications of non-compliance and the importance of meeting regulatory obligations.
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Discover strategies to streamline internal processes for efficient reporting and ongoing compliance.
Content
The webinar will cover the following topics:
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What is beneficial ownership?
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Legislative framework.
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Significance of beneficial ownership information in compliance.
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Best practices for accurate management of beneficial ownership.
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Streamlining your internal processes.
