The Business Law Focus podcast series covers the latest and most important developments in business law and tax. Through exclusive interviews with leading experts in the field and the lawyers actually arguing the most important cases, these interviews cut through the noise to provide legal insights that matter for the C-suite, entrepreneurs and professionals.
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The Business Law Focus podcast series covers the latest and most important developments in business law and tax. Through exclusive interviews with leading experts in the field and the lawyers actually arguing the most important cases, these interviews cut through the noise to provide legal insights that matter for the C-suite, entrepreneurs and professionals.
SARS takes aim at non-profits in effort to exit greylist
Business Law Focus
10 minutes 11 seconds
11 months ago
SARS takes aim at non-profits in effort to exit greylist
South Africa was added to the dreaded "grey list" in February 2023 for weaknesses in its anti-money laundering (AML) and combating the financing of terrorism (CFT) measures. While some notable progress has been made, especially in getting the private sector to update its reporting processes and being penalized if they do not, terrorist financing and money laundering remain lingering worries. One area under the microscope is nonprofit organisations, which are seen as vulnerable to terrorist financing abuse and money laundering. SARS has, therefore, undertaken to carefully oversee tax-exempt institutions to prevent their use for illegal activities.
Business Law Focus
The Business Law Focus podcast series covers the latest and most important developments in business law and tax. Through exclusive interviews with leading experts in the field and the lawyers actually arguing the most important cases, these interviews cut through the noise to provide legal insights that matter for the C-suite, entrepreneurs and professionals.
