Knitting clubs, church choirs and community sports clubs would have to register with the Department of Social Development if the General Laws Amendment Bill on combating money laundering and terrorist financing remains unchanged. But after sharp criticism of the 9½ days for public comment, more.
The Financial Intelligence Centre has warned Parliament of the urgency in meeting the February deadline, as interested parties complain of inadequate time to make input.
Failure of banks to comply with FATF criteria poses a serious threat to economy iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Proposed amendments to the Financial Intelligence Centre Act must ensure a lesser regulatory burden on small businesses, according to SA Institute of Charted Accountants.
Proposed changes to finance laws could cause massive headaches for businesses in South Africa businesstech.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstech.co.za Daily Mail and Mail on Sunday newspapers.