Amnesty then and now – Tax and exchange control
On 15 May 2003, then Minister of Finance, Trevor Manuel, announced the introduction of a joint tax and exchange control amnesty. He punted the amnesty...
Tag: Money Laundering
Intrusive focus on politically exposed persons
The subject of politically exposed persons has been receiving a lot of media attention in the South Africa. Unfortunately what is lost in the current...
Blockchain revolution and financial regulation in South Africa
The provision of banking and financial services in South Africa is a highly regulated activity and the revolutionary Fintech (financial technology) is posing a significant...
Is Bitcoin legal in South Africa?
What is a Bitcoin?
A Bitcoin is a crytpic and controversial little bundle of data that has been used to make digital payments since 2009. It is a decentralised, virtual “cryptocurrency” that lingers beyond the iron grip of the banks and the government, and is rather…
Provided By GoLegal
FICA Bill has cast the net wider when defining “Politically Exposed Persons”
In March 2013, the South African Financial Intelligence Centre (FIC) issued FIC Guidance Note 3A for Accountable Institutions on Customer Identification and Verification and Related...
