Closer scrutiny of cross-border transactions is impacting individuals and businesses
The FSCA says the government is intensifying efforts to get South Africa off the grey list by January 2025.
Compliance and Legislation
Judgment sends a warning about abusing the R1m offshore allowance
High Court rejects argument that a person can use the allowances of other individuals because the transfers were approved by an authorised dealer.
Recording of Moonstone Compliance’s Fica webinar is now available
The content of the webinar is specifically for individuals or businesses that recently became accountable institutions.
Preservation should be the top priority in the messaging about two pots
Administrators are concerned there is not enough time for financial advisers and members to understand the implications of the changes.
Department of Justice fined R5m for non-compliance with Popia
This should serve as a warning to all organisations to get their proverbial data protection house in order, says law firm.
How crypto asset service providers must comply with Fica
The Financial Intelligence Centre publishes an authoritative guidance document.
Is the employment equity agreement really a breakthrough?
Law firm says it merely reaffirms and reinforces what has either been agreed or proposed.
High Court orders Hollard to top-up heart attack benefit pay-out by R1.7m
The payment percentages should apply individually to each event within the policy’s benefit groups, judge finds.
Government and Solidarity sign agreement on employment equity
The settlement states that race may not be used as the sole criterion for employment and promotions.
Regulator extends the deadline for PAIA annual reports
Public and private bodies given an extra week because of problems with the online submission portal.
Avoid the CPD scramble with one of MBSE’s subscription packages
Our CPD subscription packages are ideal for corporate FSPs that want to ensure their KIs and reps comply with the required CPD hours.
Two pots: good news about tax on lump-sum withdrawals at retirement
National Treasury resolves the conflict between the draft legislation and the explanatory memorandum.
Are you exempt from submitting a tax return for 2023?
Pay attention to the conditions that must be met for an exemption.
FSCA extends merchant banks’ FAIS exemption
The exemption allows banks to provide financial services to certain clients without meeting the requirements of the FAIS Act.
Sars announces deadlines and changes for 2023 tax-filing season
Taxpayers who disagree with an auto-assessment have more time to submit a revised return.
‘Treasury’s fiscal conservatism may undo the solar energy tax break’
Inverters are a crucial part of any solar energy system and excluding them from the tax incentive does not make sense, says Webber Wentzel.
How cyber-criminals can con you when intercepting emailed invoices
Supreme Court says the issue of whether the debtor remains liable for payment in cases of email interception fraud has yet to be settled.
