Posts

OPINIONS

New company ownership regulation a step in right direction

By Mashudu Masutha and Karabo RajuiliFirst published on News24 The Financial Action Task Force (FATF) is the global standard-setting body for combating money laundering, setting minimum standards via 40 recommendations. It has sanctioning mechanisms for countries that fail to comply. Recently, the organisation updated its Recommendation 24, which deals with beneficial ownership transparency – and Read more >

CORRUPTION NEWS

CW and other TI chapters urge FATF to move on beneficial ownership registers

Global anti-corruption organisation Transparency International (TI) has long been advocating for the establishment of a global standard for centralised, publicly accessible beneficial ownership registers – whose stored information has been verified. The organisation firmly believes such registers would allow everyone to see the true beneficiaries of anonymous companies, and help authorities, journalists and civil society Read more >

CORRUPTION NEWS

SA good on legal anti-money laundering framework, poor on implementation

In October the Financial Action Task Force (FATF) released its mutual evaluation report on South Africa, following an assessment of the country’s anti-money laundering, counter financing of terrorism and counter financing of proliferation of weapons of mass destruction (AML/CFT/CPF) systems.  The mutual evaluation was conducted by a team led by the International Monetary Fund and including officials from the Eastern and Southern Africa Anti-Money Laundering Group and FATF member countries. The team assessed compliance Read more >

CORRUPTION NEWS

Financial crime more difficult with true owner transparency

Our new mini-series shines the spotlight on the current Financial Action Task Force (FATF) beneficial ownership review process. Part 1 presented the particular issues the organisation has recently sought input on, part 2 examined the five recommendations submitted by Transparency International as a response to the FATF invitation, part 3 looked at the FATF draft amendments in response to the call for Read more >

CORRUPTION NEWS

Tighter beneficial ownership regulations in FATF proposal

Our new mini-series shines the spotlight on the current Financial Action Task Force (FATF) beneficial ownership review process. Part 1 presented the particular issues the organisation has recently sought input on, part 2 examined the five recommendations submitted by Transparency International as a response to the FATF invitation, this article – part 3 – looks at the FATF response to the submissions Read more >

CORRUPTION NEWS

Beneficial ownership register is imperative, says TI

Our new mini-series shines the spotlight on the current Financial Action Task Force (FATF) beneficial ownership review process. Part 1 presents the particular issues the organisation has recently sought input on, this article – part 2 – examines the five recommendations submitted by Transparency International as a response to the FATF invitation, part 3 looks at the FATF proposed amendments, and part Read more >

CORRUPTION NEWS

FATF takes steps to beef up global beneficial ownership transparency

Our new mini-series shines the spotlight on the current Financial Action Task Force (FATF) beneficial ownership review process. Part 1 presents the particular issues the organisation has recently sought input on, part 2 examines the five recommendations submitted by Transparency International as a response to the FATF invitation, part three looka at the FATF response to the call for submissions, and part Read more >