Beneficial Ownership – the do’s and the don’ts
In response to the Financial Action Task Force announcing that South Africa had been added to its grey list of countries with insufficient anti-money laundering and terrorist financing controls, the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act, 22 of 2022 (“the GLAA”) was enacted in April 2023. The GLAA amended the Companies […]
Should I put my trust (and assets) in a trust?
The core idea of a trust is the separation of ownership (or control) from enjoyment. A trust is, by definition, a legal entity in which a person known as a trustee holds or administers moveable or immovable property separately from their own, for the benefit of another person or persons (known as beneficiaries) or for […]