Beneficial Ownership Information in South Africa

FTI Consulting
Contact

[co-author: Avi Gray]

South Africa’s protracted fight against corruption and financial crime necessitates the deployment of new and effective countermeasures to combat criminality. Open access to timely and accurate identifying information on the Ultimate Beneficial Ownership (“UBO”) of corporate entities would be a force multiplier in this fight and would go a long way to building trust in the country’s financial system.

Introduction -

Exploiting anonymous shell companies and hiding behind sophisticated, opaque corporate structures has been the modus operandi for criminal enterprises globally. The first step towards combatting these syndicates is through increased transparency around the identity of these companies’ beneficial owners, i.e., the individuals who ultimately benefit through effective ownership or control of the company.

Please see full Article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

FTI Consulting
Contact
more
less

FTI Consulting on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.