Mmegi

CIPA set to unveil ‘hidden investor’ database

Friday, March 14, 2025 | 670 Views |

The Companies and Intellectual Property Authority (CIPA) is set to relaunch an upgraded online registration system which will reveal beneficial owners of companies, a key step in the fight against fronting and other corrupt practices.

The Online Business Registration System (OBRS) will be taken down from March 11 to 18, as part of the upgrading to the new system.

Senior CIPA officials told BusinessWeek that besides the eagerly anticipated changes around beneficial owners, the new OBRS will introduce enhanced features aimed at improving transparency, ensuring compliance, and strengthening the fight against financial crimes such as money laundering.

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CIPA

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