by Wayne Smith & Associates | Apr 26, 2024 | Company / Corporate / Compliance
“It is imperative that ALL companies and close corporations ensure compliance with the beneficial ownership filing requirements, to ensure good corporate governance and business continuity.” (CIPC) Following changes to the Companies Act on 24 May 2023, company...
by Wayne Smith & Associates | Jun 28, 2023 | Company / Corporate / Compliance
“The lack of adequate, accurate and up-to-date beneficial ownership information facilitates money laundering and terrorist financing by allowing criminals to hide their true identities, and the true purpose and/or source or use of funds.” (Financial Intelligence...
by Wayne Smith & Associates | Apr 28, 2021 | Business, Company / Corporate / Compliance
Many decisions are made on the basis of careful research and considerations about a variety of issues. Not all these deliberations will necessarily turn out to be correct. That in itself does not place question marks over the leadership’s execution of its...
by Wayne Smith & Associates | Apr 13, 2021 | Company / Corporate / Compliance
The European (and South African) authorities (refer to governance codes below) opted for a principles-based approach. However, governance cannot be truly effective without the integrity of purpose and actions which drive the ‘tone from the top’ leading to a...
