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Companies and Intellectual Property Commission cipc.co.za

Beneficial Ownership (BO) Filing Compliance Inspections

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Announcement

The Companies and Intellectual Property Commission (CIPC) wishes to remind all registered entities that, in terms of the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act, 2022 (Act No. 22 of 2022) (GLAA) and the amended Companies Regulations, the Commission is mandated to collect and maintain Beneficial Ownership (BO) information for registered entities.

The purpose of collecting Beneficial Ownership information is to promote transparency regarding the natural persons who ultimately own or exercise effective control over companies and other legal entities, and to assist in preventing the misuse of corporate structures for money laundering, terrorist financing, and other illicit financial activities.

In line with its responsibility to monitor compliance with the Companies Act 71 of 2008 (the Act), as amended, the CIPC conducts routine BO on-site inspections and, where applicable, virtual inspections, to verify the accuracy and completeness of Beneficial Ownership information submitted to the Commission.

Entities selected for inspection are advised that:

  • Inspections will be conducted by a minimum of two (2) duly appointed CIPC Inspectors.
  • Each Inspector will carry and present an official CIPC S209 Inspector Certificate as proof of their appointment and authority to conduct the inspection.
  • The directors of a company, or in the case of close corporations and other applicable entities, the members of the entity, are required to personally attend and be present during the inspection in fulfilment of their fiduciary duties and statutory obligations. Attendance by filers, company secretarial professionals, consultants, representatives, or other support personnel does not replace this requirement, and such individuals may not attend in lieu of the directors or members. Directors or members must be available in person to participate in and respond to matters arising during the inspection.

    • This is an extract. The publication continues at the source.

    Read the original at the source: https://www.cipc.co.za/?p=24463

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    Companies and Intellectual Property Commission — imported from official source
    Official source
    https://www.cipc.co.za/?feed=rss2 RSS
    Imported
    October 03, 2026 20:35
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    https://www.cipc.co.za/?p=24463

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