RSA Minister of Justice gives insights into developments surrounding new agency By Nicola Taljaard On 13 October 2022, South African Minister of Justice, Ronald Lamola, provided a brief update on the developing discussion in relation to the establishment of a multidisciplinary agency dedicated to fighting corruption. The talks among the Department of Justice and the […]
African Antifraud
Who Owns What? Mandatory publication of companies’ beneficial owners in RSA
The CIPC’s new beneficial owner registry: An effective mechanism to combat illicit flow of funds or another wasted opportunity? By Jemma Muller and Nicola Taljaard
Greyed-Out by FATF: South Africa officially placed on the grey-list; where to from here?
By Jemma Muller and Tyla Lee Coertzen Despite the noteworthy progress South Africa has made in response to the deficiencies identified in the Financial Action Task Force’s (“FATF”) Mutual Evaluation Report released in June 2021, the FATF placed South Africa on the ‘grey-list’ on 24 February 2023. In order to understand the consequences of being […]
The Financial Services Commission of Mauritius has issued Draft Guidance Notes on Decentralised Autonomous Organisations for Public Consultation
By Nicola Taljaard On 15 February 2023, the Mauritius Financial Services Commission (“FSC”), the integrated non-banking financial services and global business sector regulator, in line with its transparent regulatory policy-making process, issued its draft Guidance Notes on Decentralised Autonomous Organisations[1] (“draft Guidance Notes”) for public consultation. The FSC has invited all interested parties to send their […]
Greyed-Out by FATF: Consequences and opportunities of potential grey-listing
Is the Republic of South Africa on the watchdog’s grey-list chopping block? By Jemma Muller and Tyla Lee Coertzen The risk of South Africa being placed on the Financial Action Task Force’s (“FATF”) so-called “grey list” has been the subject of much debate and speculation, as well as a focal point for South African law […]
The Glencore Case: Plea deal shows increased global use of Non-Trial Resolutions in cases of corruption and bribery
By Tyla Lee Coertzen Glencore International A.G (“Glencore”) and Glencore Ltd, major producers and marketers of commodities relating to mining and oil, have recently pleaded guilty to various allegations of bribery and corrupt activities in various jurisdictions. On 24 May 2022, the entities announced their resolutions concluded with authorities in the United States, the United […]
