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SOP NUMBER: 195082015 ACADEMIC YEAR: 2018/19 ONWARDS DATE OF THIS ISSUE: JANUARY 2019TITLE:Higher Education Programs SOP Summary of Contents:Responsible Owner(s): Head of Quality and Excellence Development
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What is responsible owners?
Responsible owners refer to individuals or entities that have ownership or control over a business or organization and are accountable for its compliance with legal and regulatory obligations.
Who is required to file responsible owners?
Any business entity that is required to report its ownership structure as part of regulatory compliance or anti-money laundering laws must file responsible owners.
How to fill out responsible owners?
To fill out responsible owners, provide the required information about all individuals or entities that have significant control or ownership interest in the business, including names, addresses, and identifying information.
What is the purpose of responsible owners?
The purpose of responsible owners is to identify individuals or entities that ultimately own or control a business, promoting transparency and preventing illicit activities.
What information must be reported on responsible owners?
The information that must be reported includes the names, addresses, dates of birth, and identification numbers of the responsible owners, along with their percentage of ownership and control.
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