Beneficial Ownership Amendments Understanding
Responsibilities
of the New
Department
arm
The AML&CFT Department is the
investigative
of the
organization. The department is
responsible for ensuring that the
information received by the COJ in
relation to the persons exercising
ultimate ownership and control of
companies is accurate and up to
date by adequately and actively
verifying, monitoring
and
implementing other measures to
ensure the consistency and
reliability of the Register of
Members and Beneficial Owners.
Conducting detailed
examination and
verification of beneficial
ownership and
membership information.
Preparation and issuing of
Registry Notices &
Reminders.
Notifying companies of
registry discrepancies in
beneficial ownership and
membership information..
Conducting field visits to
'audit' company
registers.
Providing a pool of
referrals to inform the
Investigation, Litigation &
Removal Proceedings.
Processing of all
incoming investigative
requests from external
stakeholders/competent
authorities.View entire presentation