Overview 

This webinar explores the vital importance of Beneficial Ownership compliance in helping companies fulfill their legal obligations under the Companies Act, FICA, and the Trust Property Control Act. It offers practical strategies to overcome challenges in identifying beneficial owners, maintaining compliance, and mitigating professional liability and reputational risks. 

Join Caryn Maitland CA(SA) on the 25th of March 2025 from 10h00 to 12h00 for this insightful session, where she will break down key compliance requirements, share expert guidance and equip you with the tools to confidently navigate the complexities of Beneficial Ownership regulations.   

Learning objectives 

By attending this webinar you will gain the following competencies and knowledge: 

• Understand the legal framework governing Beneficial Ownership, including the Companies Act, Financial Intelligence Centre Act (FICA), and Trust Property Control Act. 

• Identify and verify beneficial owners, including challenges with layered ownership structures, trusts, and nominee arrangements. 

• Recognise the importance of corporate governance in Beneficial Ownership compliance and its role in financial crime prevention. 

• Develop practical compliance strategies, including reporting to the CIPC, conducting due diligence, and maintaining accurate records. 

• Mitigate professional risk exposure by implementing best practices that protect accountants from liability and regulatory scrutiny. 

Content 

The webinar will cover the following topics: 

• Understanding Beneficial Ownership Compliance  

  • Defining Beneficial Ownership, distinguishing between legal and beneficial owners, and understanding its role in AML and corporate governance. 

• Legal and Regulatory Framework   

  • Compliance requirements under the Companies Act, FICA, and Trust Property Control Act, as well as South Africa’s obligations under FATF regulations. 

• Identifying and Verifying Beneficial Owners 

  • Addressing challenges in tracing complex ownership structures, trusts, foreign entities, and nominee arrangements. 

• Practical Challenges Faced by Practitioners  

  • Navigating client resistance, non-disclosure issues, and difficulties in obtaining accurate ownership records. 

• Professional Accountants’ Exposure to Risk  

  • Understanding legal liability, reputational risks, and regulatory expectations for accountants in Beneficial Ownership compliance. 

• Corporate Governance and Compliance Strategies  

  • Strengthening internal controls, director responsibilities, and financial transparency through Beneficial Ownership reporting. 

• Practical Tips for Compliance  

  • Implementing effective due diligence, record-keeping, and accurate reporting to CIPC while avoiding common mistakes. 

• Consequences of Non-Compliance  

  • Risks of deregistration, financial penalties, regulatory scrutiny, and professional disciplinary action for failing to comply with Beneficial Ownership regulations. 

About the presenter 

Caryn Maitland CA(SA)  

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA.  

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  Caryn is also involved with the annual SAICA SMP Technical tour. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Advocates. 

• Attorneys. 

• Estates administrators. 

• Corporate Legal Professionals. 

• Legal Academic. 

• Candidate attorneys. 

• Law Students. 

• Paralegals. 

Price 

• R 450.00 - Online admission - Individual.  

• Group Price 1 - From R337 per person (up to 5 users)  

• Group Price 2 - From R260 per person (up to 10 users)  

• Group Price 3 - From R224 per person (over 11 users) 

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here  to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here  to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/ or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar. 

About SA Legal Academy 

Welcome to SA Legal Academy (SALA), a provider of courses to help you succeed in your chosen career. We are committed to providing our students with the highest quality training and support, to ensure that your skills and knowledge are up to date and ready to face the challenges of the modern workplace. Our courses are designed to ensure that you reach your professional goals and enhance your career prospects. With our experienced training staff and comprehensive resources, you can be confident that you will receive the highest quality of training from SA Legal Academy. 

SALA is a Level 2 B-BBEE contributor, with 125% procurement recognition. Training spend on certain solutions can be allocated against the Skills Development element of the B-BBEE Scorecard through accredited and nonaccredited training or claimed through SETA grants. In addition, 25% of your Skills Expenditure can be claimed on non-accredited training or courses. 

Corporate Training Solutions 

At SALA, we recognize the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in legal and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience. 

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios. 

Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 012 941 0448. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals. 

Contact Us For More Information 

Have any questions or need any assistance? Contact us today!  

• Online chat through our website.  

• Phone: +27 (0) 12 941 0448  

• E-mail: [email protected]