Are you compliant with Protection of Personal Information Act, Act 4 of 2013?
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June 28, 2023
AMENDMENTS TO THE REQUIREMENTS FOR BENEFICIAL OWNERSHIP AND BENEFICIAL INTEREST IN COMPANIES
On February 24, 2023, South Africa was added to the “grey list,” leading to potential impacts on its economic growth and global competitiveness. This designation was made by the Financial Action Task Force (FATF), an inter-governmental organization that sets international standards and promotes policies to combat money laundering, terrorist financing, and the financing of weapons proliferation.
South Africa has already begun taking measures to demonstrate its commitment to addressing these issues. The country is actively working to showcase its efforts in combating money laundering and terrorist financing to the FATF. By doing so, South Africa aims to alleviate the implications of being on the grey list and restore its reputation in the global financial system...
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Fairbridges Wertheim Becker website here.