Beneficial Ownership Disclosure

What is Beneficial Ownership Disclosure?

Declaring the individuals who ultimately own or control a company.

Think of it like this…

A legal record that shows the real people who benefit from or control the business, even if they aren’t directors.

Why does it matter?

  • Required under anti-money laundering rules
  • CIPC deadlines apply for updates
  • Missing updates can lead to fines or deregistration

Best practice

Keep a central register and update it immediately after any ownership change.

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