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South Africa's New Beneficial Ownership Information Requirements

|Approved Changes|South Africa
South Africa

South Africa's Companies and Intellectual Property Commission (CIPC) recently announced the promulgation of the Companies Amendment Regulations 2023, which provide for the implementation of amendments to the Companies Act 71 of 2008 by the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022, including new beneficial ownership information requirements. Following the Companies Amendment Regulations 2023, the CIPC issued Guidance Note 2 of 2023 on th…

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