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South Africa
Outsourcing does not dispense of compliance or anti-laundering obligations, FIC warns

The Financial Intelligence Centre has reminded accountable institutions that they remain liable for their compliance obligations regardless of any outsourcing arrangements. [...]

Published on 06/04/2021 at 06:00 GMT

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Finance, Business

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Bank of Baroda
Financial Intelligence Centre
Gupta
Jacob Zuma
PostBank

South Africa
New head of cryptoassets regulator lays foundation for legal framework

Earlier this month, the head of South Africa's Intergovernmental Fintech Working Group (IFWG), Olaotse Matshane, published a long-awaited report on the regulation of crypto-assets in South Africa, in what was his first public act since he took on this role in April.

Subscribers only Finance, Politics 25.06.2021

South Africa
Swiss Re expands its South African business

Now that the South African Reserve Bank has licensed it, the leading reinsurance company Swiss Re has since mid-March been [...]

Subscribers only Finance, Business 16.04.2021

South Africa
Financial intelligence targets officials over money laundering

The South African government wants to ensure close monitoring of prominent foreign and domestic public officials and influential persons, and the Financial Intelligence Centre (FIC) issued a draft guidance on reporting measures in early March.

Subscribers only Business 25.03.2021

South Africa
Wealth managers reassure their clients after government's tax announcements

South Africa's main asset managers have been putting their wealthy clients' minds at rest: there will be no tax increases for 2021. However, the regularisation of illegal offshore structures remains a point of concern.

Subscribers only Finance, Business 03.03.2021

South Africa
The Oppenheimers ambivalent about tax planning

The Brenthurst Foundation, set up by the wealthy Oppenheimer family, recently hosted a conference about improving tax collection and fiscal consolidation in South Africa. A tricky issue, as the family also has its own set of offshore holdings.

Subscribers only Finance, Business 25.02.2021

In Focus | South Africa
Former Dutch asset manager Frank Vogel runs into problems with his neighbours in white rhino territory

South Africa's wildlife reserves, which often receive financial support from foreign family offices, also attract European financiers, particularly when they have been in trouble with the authorities in their home countries. Dutchman Frank Vogel took up residence in a small nature reserve in South Africa's Limpopo province, where he soon became a director and one of its financial backers.

Subscribers only Finance, Business 15.02.2021

Rhinos in South Africa's Welgevonden Game Reserve.

South Africa
Judge Dennis Davis still chasing wealthiest taxpayers

Tax Review Committee chair Dennis Davis has slammed the state's inability to collect dues from its wealthiest citizens. The fiscal authority is trying to get a better grip, but has been left weakened by its previous director.

Subscribers only Finance, Business 20.01.2021

South Africa
Offshore tax specialists' mixed reaction to end of ban on loop structures

With "loop structures" no longer illegal in South Africa as of 1 January, the country's major law firms want to regularise their clients' offshore arrangements.

Subscribers only Finance, Business 19.01.2021

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Bank of Baroda
Financial Intelligence Centre
Gupta
Jacob Zuma
PostBank

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South Africa
Outsourcing does not dispense of compliance or anti-laundering obligations, FIC warns

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

South Africa
New head of cryptoassets regulator lays foundation for legal framework

South Africa
Swiss Re expands its South African business

South Africa
Financial intelligence targets officials over money laundering

South Africa
Wealth managers reassure their clients after government's tax announcements

South Africa
The Oppenheimers ambivalent about tax planning

In Focus | South Africa
Former Dutch asset manager Frank Vogel runs into problems with his neighbours in white rhino territory

South Africa
Judge Dennis Davis still chasing wealthiest taxpayers

South Africa
Offshore tax specialists' mixed reaction to end of ban on loop structures

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About Africa Intelligence

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Indigo Publications' websites

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South Africa Outsourcing does not dispense of compliance or anti-laundering obligations, FIC warns

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

South Africa New head of cryptoassets regulator lays foundation for legal framework

South Africa Swiss Re expands its South African business

South Africa Financial intelligence targets officials over money laundering

South Africa Wealth managers reassure their clients after government's tax announcements

South Africa The Oppenheimers ambivalent about tax planning

In Focus | South Africa Former Dutch asset manager Frank Vogel runs into problems with his neighbours in white rhino territory

South Africa Judge Dennis Davis still chasing wealthiest taxpayers

South Africa Offshore tax specialists' mixed reaction to end of ban on loop structures

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

South Africa
Outsourcing does not dispense of compliance or anti-laundering obligations, FIC warns

South Africa
New head of cryptoassets regulator lays foundation for legal framework

South Africa
Swiss Re expands its South African business

South Africa
Financial intelligence targets officials over money laundering

South Africa
Wealth managers reassure their clients after government's tax announcements

South Africa
The Oppenheimers ambivalent about tax planning

In Focus | South Africa
Former Dutch asset manager Frank Vogel runs into problems with his neighbours in white rhino territory

South Africa
Judge Dennis Davis still chasing wealthiest taxpayers

South Africa
Offshore tax specialists' mixed reaction to end of ban on loop structures