FSP top ups maturity value after Ombud finds investor was not properly advised
The complainant was aggrieved because he received R470 000 from the R700 000 put into an investment plan with income.
The decision addresses the recovery of VAT on payments made under loan cover provided free of charge.
Read moreThe complainant was aggrieved because he received R470 000 from the R700 000 put into an investment plan with income.
SARS rakes in more from personal income and VAT, but corporate tax slumps by almost 9%.
The Authority will deem financial statements and other reports as outstanding until they are correctly captured and submitted on the FAIS e-Portal.
The Financial Intelligence Centre has revised the reports first issued in March 2022.
Despite Parliament’s commitment to prioritise the Road Accident Amendment Bill, there has been no further communication about the comments submitted on the draft legislation.
Coenraad Botha and his wife are facing 64 charges in Namibia related to an alleged illegal investment scheme involving N$163 million.
A new approach may be required to how financial institutions are remunerated for services rendered in respect of unclaimed assets, the Authority says.
The agenda includes FICA compliance, the roll-out of Omni-CBRs, and managing the risks around business email compromise.
The recent ruling by the High Court underscores the Road Accident Fund’s obligation to reimburse medical scheme members for past medical expenses covered by the injured person’s medical scheme after a motor vehicle accident.
Taxpayers carrying on trade as an investment holding company should ensure they can demonstrate a high degree of involvement in the operations of the subsidiaries.
South Africa’s second-largest insurer is set to launch a bank that will focus on capturing the mass market segment.
A high-value good is an actual physical item, and facilitating the trade of high-value goods does not make one a HVGD.
The FSCA has launched the second and final batch of the 22-module online course for board members of retirement funds.
The unlawful impersonation of authorised FSPs to convince the public to part with their money is increasing.
The judge criticised Bankman-Fried for his lack of remorse and stated that he knew his actions were criminal.
The Authority should have conducted its own investigation and not relied solely on information provided by the insurer, the Tribunal says.