Mmegi

CIPA set to unveil ‘hidden investor’ database

Pego Aisam. PIC MORERI SEJAKGOMO
Pego Aisam. PIC MORERI SEJAKGOMO

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.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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