South Africa and its greylisting by the FATF – Where are we one year later?

It has been more than one year since South Africa was officially greylisted by the Financial Action Task Force (FATF) in February 2023.  The FATF is a global body that aims to combat global money laundering and terrorist financing. Our official greylisting followed an earlier report issued by the FATF in 2021, which highlighted several […]

Foreword

2024 is already in full swing and the social gatherings and cherished moments with loved ones during the festive season are already forgotten. Without a doubt, many of us have reflected on the past year while also wondering what 2024 holds for us, as well as for South Africa. So what does 2024 look like […]

Voorwoord

2024 is reeds in volle swang en die gesellige samesyn en koesteroomblikke met geliefdes tydens die feesseisoen reeds vergete. Sonder twyfel het baie van ons reflekteer oor die jaar wat verby is en terselfdertyd gewonder wat 2024 vir ons, maar ook Suid-Afrika, inhou. So hoe lyk 2024 vir Suid-Afrika? As jy iemand is wat op […]

Trusts, belasting en IT3(t)’s

Om te “t” of nie te “t” nie…, dit was die vraag. Gedurende die afgelope 18 maande het die verslagdoeningsraamwerk wat trusts reguleer en die daaropvolgende las wat op trustees geplaas word, onder die vergrootglas gekom na aanleiding van Suid-Afrika se insluiting op die gryslys weens (potensiële) geldwassery en finansiering van terrorisme. Nuut vrygestelde regulasies […]

Trusts, tax and IT3(t)’s

To “t” or not to “t”…, that was the question. Over the past 18 months, the reporting framework governing trusts and the ensuing burden placed on trustees have been subject to intense scrutiny following South Africa’s greylisting due to (potential) money laundering and terrorist financing activities. Newly release regulations as stipulated in Act No. 22 […]