123 Consulting

Amendments to the Trust Property Control Act – Beneficial Ownerships

The General Laws (Anti Money Laundering and Combating Terrorism Funding) Amendment Act was assented to by the President in December 2022, deep into the traditional festive holiday season. This was part of South Africa’s efforts to combat the country’s greylisting status. These amendments introduce a new definition of a ‘beneficial owner’ into the Trust Property […]

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