UPDATING BENEFICIAL OWNERSHIP INFORMATION OF COMPANIES: A JUSTIFIED CALL?
According to a recent news report by the B&FT newspaper, the Office of the Registrar of Companies (ORC) reports that as of February 27, 2023, only 25.8% out of 287,189 registered companies have updated their beneficial ownership (BO) information despite the repeated notices and the deadline for doing same having elapsed some three months ago. …
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