New BRS checks target fraud in company records

The Business Registration Service has introduced tighter verification of changes in company shareholding and directors.

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The Business Registration Service (BRS) has introduced tighter verification of changes in company shareholding and directors as part of a strategy to curb fraud in corporate records.

Under the changes, directors and shareholders are now required to provide direct confirmation for applications involving the resignation and appointment of directors, as well as the transfer of shares.

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Note: The results are not exact but very close to the actual.