Beneficial ownership targeted in new bill
Cabinet has approved a bill which will tighten legislation around the beneficial ownership of companies, trusts and non-profit organisations
19 August 2022 - 18:38
Cabinet has approved a bill which National Treasury director-general Ismail Momoniat says will go a long way in meeting the requirements for SA as laid down in an October 2021 report by the Financial Action Task Force (FATF).
The FATF is an international body which sets standards for the combating of money laundering and terrorism financing...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.