Ultimate Beneficial Ownership (UBO): What It Is and Why It Matters

Ultimate Beneficial Ownership (UBO) What It Is and Why It Matters

Ultimate Beneficial Ownership (UBO) refers to the natural person(s) who ultimately control or benefit from a company or legal structure, even if their ownership is indirect. Knowing the true UBOs behind a business is crucial for fighting financial crimes like money laundering, as well as improving overall corporate transparency and ethical practices. “Transparency is not […]

CIPC Completes Final Deregistration of 647,853 Non-Filing Entities in South Africa

CIPC Completes Final Deregistration

The Companies and Intellectual Property Commission (CIPC) of South Africa has announced the completion of a significant regulatory compliance operation, resulting in the final deregistration of 647,853 non-filing entities. This sweeping action underscores the CIPC’s commitment to enforcing corporate governance and compliance with South African law, particularly the requirements around the submission of annual returns […]

CIPC Cracks the Whip On Non-Compliance: Reckless Bosses Beware!

CIPC Cracks the Whip On Non-Compliance

The Companies and Intellectual Property Commission (CIPC) is cracking down on reckless conduct and non-compliance with the Companies Act, 71 of 2008. This is a welcome move, as it will help to protect investors and ensure that businesses are operating in a fair and transparent manner. What Is The CIPC Doing About Non-Compliance? The CIPC […]

Boosting Compliance Management in Four Simple Steps

Boosting Compliance Management in Four Simple Steps

In the fast-evolving landscape of regulatory demands, effective compliance management has become imperative for businesses, especially in industries like finance where stringent regulations prevail. A recent survey conducted by the Association of Certified Anti-Money Laundering Specialists (ACAMS) shed light on the challenges faced by businesses, particularly in the BFSI sector, with 71% of respondents belonging […]

Ensuring CIPC Compliance: A Comprehensive Guide by Intersect Connect

Ensuring CIPC Compliance A Comprehensive Guide

In the dynamic landscape of business, adherence to regulatory standards is paramount. At Intersect Connect, we understand the significance of compliance, and today, we delve into the intricacies of CIPC compliance. Our goal is to provide you with a comprehensive guide that not only demystifies the complexities but also empowers your business to navigate the […]