SA takes key step to escape from global greylist
An international watchdog identified 12 areas SA needed to address to be removed from being greylisted
18 June 2023 - 06:05
To clamp down on organised crime, the Companies and Intellectual Property Commission (CIPC) is one step closer to establishing a register that will reveal the names of beneficial owners of companies.
Tracking beneficial ownership is among 12 priority actions the Financial Action Task Force (FATF) — the global money laundering and terrorism financing watchdog — identified for South Africa to work on if it is to be removed from the FATF greylist. ..
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.