In this latest news summary covering March events, we talk about how CIPC managed the cybersecurity breach, swiftly introducing security protocols without any significant data loss. Consequently, we saw the rollout of a stringent new customer verification procedures aimed at bolstering user security. We also talk about the mandatory inclusion of beneficial ownership information with annual returns from 15 April and alternative email communication methods.

South Africa intensifies its battle against money laundering and terrorist financing with the launch of the Beneficial Ownership Register by the CIPC. Aligned with global standards and FATF recommendations, this move marks a significant stride towards transparency and integrity in the corporate sector, aiming to eradicate illicit financial flows and bolster the nation's financial standing on the global stage.

Following a targeted cyber attack on its system, the Companies and Intellectual Property Commission (CIPC) is taking decisive action. The breach was swiftly contained and led to no visible data loss. CIPC is now enhancing digital defenses by rebuilding the compromised system and introducing additional security measures, including mandatory password verifications for users. These steps underscore CIPC's commitment to cybersecurity and the safety of stakeholder information.

In our latest article we give you a summary update for the month of February covering key developments including efforts of CIPC to maintain corporate compliance, pivotal court rulings enhancing transparency, to the launch of services aimed at safeguarding intellectual property rights. We also share insights on addressing security breaches effectively to protect sensitive data. Plus, find out about educational opportunities that sharpen expertise in the intellectual property domain. This concise overview ensures you're well-informed on developments crucial for business and legal compliance.

This article provides an overview of the recent CIPC updates discussed in the stakeholder meeting on 27 February 2024, including beneficial ownership reporting and foreign assurance automation. It offers practical advice for accountants to navigate these changes, ensuring compliance and guiding their clients through the regulatory landscape.

Stay compliant and secure with the latest CIPC updates. Uncover insights on registration, enhanced director amendments, and guard against unauthorised use.

Explore FIC's proposed guide, Draft PCC 121, unveiling AIs' crucial role in gathering client beneficial ownership info and learn about FIC Act compliance and proposed requirements for registered AIs.

Learn about the CIPC’s new Director Amendment process and challenges faced in this evolving landscape

Explore CIPC’s various notices during the first half of December.