The draft public compliance communication provides guidance on how to establish the beneficial owners of legal persons, trusts, partnerships, and non-governmental organisations.
Is the FSCA obliged to grant an exemption if a fund has met all the conditions set out in Board Notice 59 of 2014?
Financial institutions are expected to implement IT controls that are commensurate with their risk appetite, based on the nature and size of an institution’s operations.
It was argued that the Act does not require the FSCA to invite submissions before deciding whether a person has contravened a financial sector law.
Update on draft legislation: the requirement for foreign employers to withhold PAYE, Practice Note 31, and the foreign business establishment exemption.
One can continue to render crypto asset financial services if the application is submitted by 30 November.
But Sars has identified categories of non-compliant taxpayers who face penalties and legal action if they don’t come clean.
The aim of the draft risk assessment is to help accountants understand the sector’s money laundering and terrorism financing vulnerabilities.
One of the amendments will allow Sars to share taxpayer information with a wider range of government agencies.
The Financial Services Tribunal hears the reconsideration applications brought by three of the 15 implicated agents.
The first wife bought wedding dresses for the third and fourth wives, but this did not prove that she consented to the marriages.
FNB argued the Tribunal should accord greater weight to the severity of the rep’s misconduct than to ‘procedural mis-steps’.
The Registrar believes the products sold by Netcare Plus and Discovery Health constitute the business of a medical scheme.
More than a year passed between the employer indicating that it reserved its right to withhold a former employee’s withdrawal benefit and instituting civil proceedings against him.
The FST emphasises that labour-related and FAIS-related matters are distinct.
Some private and public bodies are still using the forms that were repealed two years ago, the Information Regulator says.
The South African Revenue Service has introduced measures to prevent abuse in share buyback arrangements.
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