Bradley Elliott, CEO of Anti-Money Laundering (AML) platform RelyComply The United States Treasury Department has announced the immediate suspension of the Corporate Transparency Act,...
Regulation & Compliance
Fund ordered to hear full story before withholding benefit
Muvhango Lukhaimane, Pension Funds Adjudicator A provident fund that withheld payment of a withdrawal benefit on the basis that the member had defrauded the company has been ordered by...
Fund benefits and third party bank accounts
Lize de la Harpe, Senior Legal Advisor at Sanlam Corporate Introduction Retirement funds are strictly regulated. Boards of Trustees must take all reasonable steps to ensure that...
The consequences of failing to pay pension fund contributions
Mzwakhe Poswa, Associate, and Jean–Paul Rudd, Partner, at Adams & Adams Pension fund contributions are not discretionary payments; they are statutory obligations. Employers who...
Upcycling for a greener fashion industry: Balancing sustainability and intellectual property
Emily Gammon, Associate, Robyn Moriarty, Associate and Refilwe Riba, Candidate Attorney at Webber Wentzel "Resale is a way of generating business without needing to continually create...
Recent Adjudicator determination highlights importance of following S37D process
Lize de la Harpe, Senior Legal Advisor, Sanlam Corporate Introduction The primary purpose of a retirement fund is to provide retirement benefits and death benefits. For...
FIC publishes final Guidance Note 7A on the implementation of the risk management and compliance programme in terms of section 42 of the Financial Intelligence Centre Act
Dawid de Villiers, Partner, Lerato Lamola, Partner, Lenee Green, Partner, Mariam Ismail, Associate & Christopher Williamson, Associate at Webber Wentzel The Financial Intelligence...
Illicit financial flows: The responsibility of South African Financial Institutions
James Saunders, co-founder and CTO at Anti-Money Laundering (AML) software provider RelyComply Criminals conducting Illicit Financial Flows (IFFs)—money transferred from illegal...
Breach of policy condition not material to the loss
Edite Teixeira-Mckinon, Lead Ombud of the Non-life Insurance Division at the National Financial Ombud Having a professional driving permit (PrDP) would not have prevented the driver of...
The Expropriation Act: A solution to South Africa’s land reform challenges?
Ayanda Khumalo, Partner & Nkosinathi Thema, Senior Associate at Webber Wentzel The Expropriation Act (the Act), recently signed into law by President Ramaphosa, has sparked mixed...
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