by VDT Attorneys | Sep 3, 2024 | AML, Anti-money Laundering Amendment Act, Beneficial Ownership, Companies Act, Company, Trust
While proper administration of a trust has always been a duty of trustees, the manner in which the duty is discharged is now under scrutiny, particularly following the arrival of the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act...
by VDT Attorneys | Jan 16, 2024 | AML, Annual Returns, Anti-money Laundering Amendment Act, Beneficial Ownership, Company, Trust
The Companies and Intellectual Property Commission (“CIPC”) has introduced its new system with changes for the filing of annual returns as of 11 December 2023. These new changes will join the filing of the Beneficial Ownership Declaration on the CIPC’s portal and the...
by VDT Attorneys | Nov 6, 2023 | Amendment Act, AML, Anti-money Laundering Amendment Act, Beneficial Ownership, Company, Trust
New electronic platform The result was the development and launch of a new electronic platform to address the concerns raised. However, the new electronic platform has also introduced additional requirements for Trustees and will now require Trustees to actively...
by VDT Attorneys | Nov 6, 2023 | AML, Anti-money Laundering Amendment Act, Beneficial Ownership, Corporate Trusteeship, Trust
South Africans have not been spared with loadshedding, escalating fuel prices and rising inflation further adding to the uncertainty. This makes it feel as if planning for the future is pointless and all you can really do is survive the now. In this article we discuss...
by VDT Attorneys | Aug 28, 2023 | Amendment Act, AML, Anti-money Laundering Amendment Act, Beneficial Ownership, Company, Trust
On 24 February 2023, South Africa was officially grey listed by the International Financial Action Task Force (“FATF”) thereby declaring South Africa to be a high-risk territory when it comes to international dealings and investments. Following a FATF report already...
by VDT Attorneys | Jun 13, 2023 | Amendment Act, Anti-money Laundering Amendment Act, Corporate governance, Non-profit, NPO
The passing of the Amendment Act has resulted in the proposed NPO Bill being withdrawn given that many of the proposed amendments were addressed in the Amendment Act. But what changes have the Amendment Act introduced in respect of NPOs? The Amendment Act has amended...
